Booking (NASDAQ:BKNG) Price Target Raised to $5,900.00

Booking (NASDAQ:BKNG) had its target price upped by Royal Bank of Canada from $5,250.00 to $5,900.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. DA Davidson increased their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark lifted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Down 0.6 %

NASDAQ BKNG opened at $4,989.22 on Friday. The firm’s 50 day moving average is $4,903.34 and its 200-day moving average is $4,551.96. The company has a market capitalization of $165.14 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. As a group, sell-side analysts expect that Booking will post 181.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Garner Asset Management Corp boosted its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC raised its holdings in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares in the last quarter. Covestor Ltd lifted its position in shares of Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 2 shares during the period. SageView Advisory Group LLC lifted its position in shares of Booking by 1.6% during the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2 shares during the period. Finally, Belpointe Asset Management LLC increased its position in shares of Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.