Oppenheimer Raises Booking (NASDAQ:BKNG) Price Target to $5,500.00

Booking (NASDAQ:BKNG) had its price target raised by Oppenheimer from $5,000.00 to $5,500.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other equities analysts have also issued reports on BKNG. Piper Sandler raised their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday. Mizuho raised their price objective on shares of Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wedbush raised their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets lifted their price target 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. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,510.71.

Booking Price Performance

Shares of BKNG stock traded up $43.82 during mid-day trading on Thursday, hitting $4,720.07. 43,751 shares of the stock traded hands, compared to its average volume of 245,183. The stock has a market cap of $158.22 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.45 and a beta of 1.40. The stock’s fifty day moving average is $4,118.59 and its two-hundred day moving average is $3,872.22. Booking has a 52-week low of $2,756.39 and a 52-week high of $4,856.60.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, beating the consensus estimate of $77.94 by $5.95. The firm had revenue of $7.99 billion during 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%. As a group, equities analysts forecast that Booking will post 177.37 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Booking

Hedge funds have recently modified their holdings of the business. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking in the third quarter valued at $25,000. Grove Bank & Trust raised its holdings in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Booking during the second quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking during the third quarter worth $29,000. Hedge funds and other 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.