Booking (NASDAQ:BKNG) Price Target Raised to $5,000.00 at Oppenheimer

Booking (NASDAQ:BKNG) had its target price lifted by investment analysts at Oppenheimer from $4,200.00 to $5,000.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target indicates a potential upside of 15.18% from the stock’s previous close.

A number of other research firms also recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft cut their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Tigress Financial increased their price target on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Barclays upped their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, B. Riley lowered their price objective on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,231.96.

Booking Stock Up 0.1 %

NASDAQ:BKNG traded up $2.27 during trading hours on Friday, hitting $4,341.00. 51,079 shares of the stock were exchanged, compared to its average volume of 244,371. The company’s 50 day moving average is $4,029.83 and its two-hundred day moving average is $3,838.71. Booking has a twelve month low of $2,733.04 and a twelve month high of $4,395.00. The company has a market capitalization of $145.51 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the business earned $37.62 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Booking will post 177.17 EPS 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 dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booking

Hedge funds have recently bought and sold shares of the stock. New Mexico Educational Retirement Board lifted its position in Booking by 20.5% during the first quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after acquiring an additional 400 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Booking during the first quarter worth approximately $537,000. BDF Gestion acquired a new stake in Booking during the second quarter worth approximately $6,897,000. Gamco Investors INC. ET AL acquired a new stake in Booking during the first quarter worth approximately $519,000. Finally, Diversified Trust Co lifted its position in Booking by 41.9% during the first quarter. Diversified Trust Co now owns 1,084 shares of the business services provider’s stock worth $3,933,000 after acquiring an additional 320 shares during the last quarter. 92.42% of the stock is currently 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.