UBS Group Raises Booking (NASDAQ:BKNG) Price Target to $5,960.00

Booking (NASDAQ:BKNG) had its target price raised by research analysts at UBS Group from $5,560.00 to $5,960.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target indicates a potential upside of 17.92% from the stock’s current price.

Several other research analysts also recently commented on BKNG. Oppenheimer raised their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a report on Friday. Nine equities 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Up 0.7 %

Booking stock traded up $35.98 during mid-day trading on Friday, reaching $5,054.21. 389,954 shares of the company’s stock traded hands, compared to its average volume of 261,747. The company has a market cap of $167.29 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.77 and a beta of 1.39. The stock has a 50 day moving average of $4,908.11 and a two-hundred 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 announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. As a group, sell-side analysts forecast that Booking will post 181.63 earnings per share for the current year.

Institutional Trading of Booking

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. AlphaCore Capital LLC acquired a new position in Booking during the fourth quarter valued at $229,000. Mackenzie Financial Corp grew its position in Booking by 24.1% during the 4th quarter. Mackenzie Financial Corp now owns 22,065 shares of the business services provider’s stock worth $109,628,000 after purchasing an additional 4,280 shares during the period. Forum Financial Management LP grew its position in Booking by 32.9% during the 4th quarter. Forum Financial Management LP now owns 101 shares of the business services provider’s stock worth $502,000 after purchasing an additional 25 shares during the period. Toronto Dominion Bank grew its position in Booking by 17.5% during the 4th quarter. Toronto Dominion Bank now owns 15,316 shares of the business services provider’s stock worth $76,093,000 after purchasing an additional 2,276 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in Booking during the 4th quarter worth about $31,167,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.