Booking (NASDAQ:BKNG) Price Target Raised to $5,248.00

Booking (NASDAQ:BKNG) had its target price boosted by investment analysts at Wells Fargo & Company from $4,470.00 to $5,248.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 0.87% from the stock’s current price.

BKNG has been the topic of a number of other reports. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays increased their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America boosted their target price on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,165.43.

Booking Stock Up 3.7 %

Shares of Booking stock opened at $5,202.94 on Friday. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $172.22 billion, a P/E ratio of 35.02, a PEG ratio of 1.77 and a beta of 1.39. The stock has a 50 day moving average price of $4,908.11 and a two-hundred day moving average price of $4,540.81.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking in the 4th quarter worth $25,000. Summit Securities Group LLC acquired a new stake in Booking in the 4th quarter valued at $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the 4th quarter valued at $30,000. Finally, Promus Capital LLC acquired a new position in Booking during the fourth quarter worth $35,000. 92.42% of the stock is 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.