Booking (NASDAQ:BKNG) Price Target Raised to $5,800.00

Booking (NASDAQ:BKNG) had its price objective lifted by DA Davidson from $5,005.00 to $5,800.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. DA Davidson’s target price would indicate a potential upside of 12.86% from the stock’s previous close.

A number of other research firms have also recently issued reports on BKNG. Tigress Financial increased their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group upped their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday. Cantor Fitzgerald reduced their price target on Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Bank of America upped their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5,272.39.

Booking Trading Up 2.4 %

Shares of BKNG stock traded up $120.74 on Friday, reaching $5,138.97. The company had a trading volume of 291,295 shares, compared to its average volume of 258,906. The stock has a market cap of $170.10 billion, a PE ratio of 35.21, a PEG ratio of 1.77 and a beta of 1.39. The company has a 50-day moving average of $4,908.11 and a 200-day moving average of $4,540.81. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Sell-side analysts anticipate that Booking will post 181.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the period. Geode Capital Management LLC increased its position in Booking by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after buying an additional 6,009 shares during the period. Janus Henderson Group PLC increased its position in Booking by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares during the period. Fisher Asset Management LLC increased its position in Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after buying an additional 13,429 shares during the period. Finally, Norges Bank bought a new position in Booking during the 4th quarter worth $1,958,352,000. 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.