Booking (NASDAQ:BKNG) Stock Price Expected to Rise, Barclays Analyst Says

Booking (NASDAQ:BKNG) had its price target boosted by equities research analysts at Barclays from $5,100.00 to $5,600.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target would indicate a potential upside of 11.59% from the stock’s current price.

Several other analysts also recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reduced their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,062.29.

Booking Price Performance

Shares of BKNG stock opened at $5,018.23 on Friday. The company has a market capitalization of $166.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.77 and a beta of 1.39. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s fifty day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. Equities research analysts expect that Booking will post 181.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

Large investors have recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the 4th quarter valued at $30,000. Finally, Valley National Advisers Inc. raised its position in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares in the last quarter. 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.