Booking (NASDAQ:BKNG - Get Free Report) had its target price raised by analysts at BMO Capital Markets from $5,000.00 to $5,700.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. BMO Capital Markets' price objective indicates a potential upside of 16.29% from the stock's previous close.
Several other analysts also recently weighed in on BKNG. StockNews.com downgraded Booking from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a report on Monday. Barclays raised their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Erste Group Bank lowered Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a report on Friday, April 4th. Eleven equities research analysts have rated the stock with a hold rating, twenty have given 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 price target of $5,254.66.
View Our Latest Stock Report on BKNG
Booking Stock Performance
Shares of BKNG stock traded down $7.68 during trading hours on Wednesday, reaching $4,901.55. The company had a trading volume of 80,981 shares, compared to its average volume of 250,841. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a fifty day moving average of $4,646.05 and a 200-day moving average of $4,804.74. The company has a market capitalization of $159.99 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.71 and a beta of 1.37.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $20.39 EPS. On average, analysts forecast that Booking will post 209.92 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. OMNI 360 Wealth Inc. acquired a new stake in shares of Booking during the first quarter worth $295,000. Personal CFO Solutions LLC lifted its holdings in shares of Booking by 22.2% in the first quarter. Personal CFO Solutions LLC now owns 66 shares of the business services provider's stock valued at $304,000 after purchasing an additional 12 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Booking by 2.4% during the first quarter. Valeo Financial Advisors LLC now owns 297 shares of the business services provider's stock worth $1,367,000 after buying an additional 7 shares during the period. Stratos Wealth Advisors LLC grew its holdings in shares of Booking by 6.3% during the first quarter. Stratos Wealth Advisors LLC now owns 51 shares of the business services provider's stock worth $237,000 after buying an additional 3 shares in the last quarter. Finally, Stratos Investment Management LLC raised its position in Booking by 20.0% in the 1st quarter. Stratos Investment Management LLC now owns 2,002 shares of the business services provider's stock valued at $9,224,000 after buying an additional 334 shares during the last quarter. Institutional investors own 92.42% of the company's stock.
About Booking
(
Get Free Report)
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.
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