Booking (NASDAQ:BKNG) Upgraded to “Buy” at Cfra

Cfra upgraded shares of Booking (NASDAQ:BKNG) from a hold rating to a buy rating in a research note released on Tuesday morning, Marketbeat Ratings reports.

BKNG has been the subject of a number of other reports. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird began coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Trading Down 1.8 %

BKNG opened at $5,018.23 on Tuesday. The stock’s 50 day simple moving average is $4,908.11 and its 200-day simple moving average is $4,540.81. The stock has a market cap of $166.10 billion, a PE ratio of 34.05, a P/E/G ratio of 1.78 and a beta of 1.39. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking (NASDAQ:BKNG) last announced 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%. Equities analysts forecast that Booking will post 181.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking in the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new stake in Booking during the 4th quarter worth approximately $35,000. Institutional investors 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.