Booking Holdings Inc. (NASDAQ:BKNG) Receives $4,997.64 Average PT from Analysts

Booking Holdings Inc. (NASDAQ:BKNG) has been assigned a consensus rating of “Moderate Buy” from the thirty-two brokerages that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5,044.43.

BKNG has been the topic of a number of research analyst reports. Truist Financial raised their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Robert W. Baird initiated coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price for the company. B. Riley raised their target price on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th.

Institutional Investors Weigh In On Booking

Several large investors have recently made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. grew its position in Booking by 16.4% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after acquiring an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after purchasing an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Booking by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,721.86 on Monday. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business’s fifty day moving average price is $5,015.36 and its two-hundred day moving average price is $4,422.40. The firm has a market capitalization of $156.29 billion, a PE ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.41.

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.