Booking (NASDAQ:BKNG) Price Target Raised to $5,540.00 at Cantor Fitzgerald

Booking (NASDAQ:BKNG) had its price objective boosted by Cantor Fitzgerald from $4,900.00 to $5,540.00 in a research note released on Friday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the business services provider’s stock.

BKNG has been the topic of a number of other reports. Wedbush raised their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. Tigress Financial upped their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Finally, B. Riley raised their price objective on Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Price Performance

NASDAQ BKNG opened at $4,989.22 on Friday. The business has a fifty day moving average price of $4,903.34 and a two-hundred day moving average price of $4,551.96. The stock has a market capitalization of $165.14 billion, a PE ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

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

Institutional Investors Weigh In On Booking

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