Mizuho Forecasts Strong Price Appreciation for Booking (NASDAQ:BKNG) Stock

Booking (NASDAQ:BKNG) had its price objective lifted by stock analysts at Mizuho from $5,400.00 to $6,000.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Mizuho’s target price would indicate a potential upside of 21.38% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. DA Davidson lifted their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Wells Fargo & Company raised their target price on Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial lifted their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Price Performance

BKNG opened at $4,943.35 on Thursday. The company has a market capitalization of $163.61 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business has a 50-day moving average of $4,864.52 and a 200-day moving average of $4,221.68.

Institutional Trading of Booking

Hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its position in Booking by 55.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 95 shares of the business services provider’s stock worth $376,000 after acquiring an additional 34 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Booking by 2.8% during the second quarter. Premier Path Wealth Partners LLC now owns 183 shares of the business services provider’s stock worth $726,000 after purchasing an additional 5 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Booking by 15.5% in the second quarter. Quotient Wealth Partners LLC now owns 97 shares of the business services provider’s stock valued at $384,000 after buying an additional 13 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Booking during the 2nd quarter worth about $115,000. Institutional investors and hedge funds 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.