Booking (NASDAQ:BKNG) Price Target Raised to $6,300.00 at UBS Group

Key Points

• UBS Group raised its price target for Booking (NASDAQ:BKNG) from $5,750.00 to $6,300.00, indicating a potential upside of 10.94% from the company's previous close.
• Booking's shares saw a 0.8% increase on Monday, trading at $5,678.75, with a market capitalization of $184.79 billion.
• The company reported earnings of $24.81 per share for the last quarter, significantly surpassing analyst expectations of $17.57.

Booking (NASDAQ:BKNG - Get Free Report) had its target price upped by UBS Group from $5,750.00 to $6,300.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. UBS Group's price objective indicates a potential upside of 10.94% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. JMP Securities upped their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Bank of America upped their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research report on Thursday. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research report on Friday, April 4th. Finally, Barclays reaffirmed an "overweight" rating and set a $5,700.00 price target (up previously from $5,600.00) on shares of Booking in a research report on Wednesday, July 16th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,481.78.

Booking Stock Up 0.8%

Shares of Booking stock traded up $46.48 on Monday, reaching $5,678.75. The company's stock had a trading volume of 225,618 shares, compared to its average volume of 253,577. The company has a market capitalization of $184.79 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 1.70 and a beta of 1.40. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,839.41. The firm's fifty day simple moving average is $5,546.48 and its two-hundred day simple moving average is $5,051.15.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $20.39 EPS. As a group, research analysts predict that Booking will post 209.92 EPS for the current year.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the sale, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,039 shares of company stock valued at $16,963,769 in the last ninety days. 0.16% of the stock is owned by company insiders.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently bought and sold shares of BKNG. Turtle Creek Wealth Advisors LLC bought a new stake in Booking during the 2nd quarter valued at $446,000. Callahan Advisors LLC increased its holdings in shares of Booking by 1.5% during the second quarter. Callahan Advisors LLC now owns 4,453 shares of the business services provider's stock valued at $25,779,000 after acquiring an additional 65 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Booking by 14.1% in the 2nd quarter. Ritholtz Wealth Management now owns 1,191 shares of the business services provider's stock worth $6,897,000 after buying an additional 147 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Booking by 7.4% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 58 shares of the business services provider's stock worth $336,000 after purchasing an additional 4 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its position in Booking by 80.0% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 3,634 shares of the business services provider's stock worth $21,000,000 after purchasing an additional 1,615 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

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.

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