Booking (NASDAQ:BKNG) Price Target Raised to $4,230.00 at HSBC

Booking (NASDAQ:BKNG - Get Free Report) had its price target boosted by equities research analysts at HSBC from $4,220.00 to $4,230.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. HSBC's target price points to a potential upside of 17.32% from the stock's current price.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group increased their target price on Booking from $3,080.00 to $3,610.00 and gave the company a "neutral" rating in a research report on Friday, January 19th. Erste Group Bank reiterated a "hold" rating on shares of Booking in a research report on Wednesday, March 13th. Benchmark restated a "hold" rating on shares of Booking in a research report on Friday. Royal Bank of Canada raised their price target on shares of Booking from $3,550.00 to $3,900.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Susquehanna boosted their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a "positive" rating in a research note on Monday, February 26th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $3,844.48.

Booking Price Performance

BKNG stock traded up $7.00 during trading on Tuesday, reaching $3,605.41. 266,281 shares of the company were exchanged, compared to its average volume of 270,239. The company has a market capitalization of $122.33 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.08 and a beta of 1.40. The company has a 50-day moving average of $3,526.40 and a two-hundred day moving average of $3,412.40. Booking has a twelve month low of $2,456.93 and a twelve month high of $3,918.00.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the prior year, the business earned $11.60 earnings per share. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. On average, analysts forecast that Booking will post 176.46 EPS for the current year.

Insider Activity at Booking

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now directly owns 289 shares of the company's stock, valued at $1,069,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Booking news, insider Paulo Pisano sold 300 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the company's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now owns 289 shares of the company's stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,483 shares of company stock valued at $18,891,445. 0.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider's stock worth $47,188,000 after buying an additional 1,236 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its holdings in Booking by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider's stock worth $13,539,000 after acquiring an additional 25 shares during the period. Crestwood Advisors Group LLC boosted its position in Booking by 3.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider's stock worth $57,635,000 after purchasing an additional 470 shares during the last quarter. Boston Trust Walden Corp bought a new position in Booking in the 4th quarter valued at $24,841,000. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Booking during the 4th quarter valued at $879,000. 92.42% of the stock is 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.