Booking (NASDAQ:BKNG) Price Target Raised to $5,900.00 at BMO Capital Markets

Booking (NASDAQ:BKNG) had its price objective increased by BMO Capital Markets from $5,155.00 to $5,900.00 in a research report sent to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also issued reports on BKNG. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Cantor Fitzgerald lifted their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America boosted their price objective on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their target price on Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Trading Down 0.6 %

Shares of NASDAQ BKNG opened at $4,989.22 on Friday. The stock has a fifty day moving average price of $4,903.34 and a 200 day moving average price of $4,551.96. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $165.14 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39.

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

Hedge Funds Weigh In On Booking

Several institutional investors have recently made changes to their positions in BKNG. Private Advisor Group LLC grew its stake in Booking by 2.5% during the 3rd quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after buying an additional 60 shares during the last quarter. McAdam LLC bought a new stake in Booking in the third quarter valued at $202,000. Great Lakes Retirement Inc. boosted its holdings in shares of Booking by 5.4% during the third quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock valued at $1,304,000 after acquiring an additional 16 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Booking by 24.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after acquiring an additional 23 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Booking by 6.5% during the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock worth $1,530,000 after acquiring an additional 22 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

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.