Booking (NASDAQ:BKNG) Price Target Raised to $4,510.00

Booking (NASDAQ:BKNG) had its price objective increased by equities research analysts at The Goldman Sachs Group from $3,940.00 to $4,510.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 4.46% from the company’s previous close.

BKNG has been the subject of a number of other reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday. BMO Capital Markets lifted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JMP Securities raised their price target on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,641.07.

Booking Trading Up 0.9 %

Shares of NASDAQ:BKNG traded up $44.06 during trading on Friday, reaching $4,720.31. The stock had a trading volume of 258,565 shares, compared to its average volume of 246,196. The company has a market capitalization of $158.22 billion, a P/E ratio of 32.03, a PEG ratio of 1.45 and a beta of 1.40. The firm’s 50-day simple moving average is $4,118.59 and its 200 day simple moving average is $3,872.22. Booking has a one year low of $2,756.39 and a one year high of $4,856.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $77.94 by $5.95. The business had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.63 billion. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. Equities research analysts forecast that Booking will post 177.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Trading of Booking

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Booking by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Booking by 4.5% in the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after acquiring an additional 21,969 shares during the period. Ninety One UK Ltd lifted its stake in Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in Booking by 29.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after acquiring an additional 43,743 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Booking by 22.1% during the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock worth $584,492,000 after purchasing an additional 28,904 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

About Booking

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.