Booking (NASDAQ:BKNG) Price Target Raised to $5,200.00

Booking (NASDAQ:BKNG) had its target price lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $4,900.00 to $5,200.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 9.49% from the stock’s current price.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. BMO Capital Markets raised their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer upped their target price on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Bank of America raised their price target on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday. Twelve research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,680.18.

Booking Stock Up 1.6 %

Booking stock opened at $4,749.11 on Friday. The firm has a market cap of $157.20 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38. The business has a fifty day moving average of $4,136.96 and a two-hundred day moving average of $3,883.88. Booking has a twelve month low of $2,756.39 and a twelve month high of $4,856.60.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.63 billion. Equities analysts expect that Booking will post 177.79 earnings per share for the current year.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several institutional investors have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the third quarter valued at about $25,000. Grove Bank & Trust lifted its stake in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the 2nd quarter worth about $28,000. Kings Path Partners LLC purchased a new stake in Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking during the third quarter valued at approximately $29,000. 92.42% of the stock is owned by institutional investors and hedge funds.

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.