Booking (NASDAQ:BKNG - Get Free Report) had its target price cut by stock analysts at UBS Group from $5,960.00 to $5,557.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. UBS Group's price target indicates a potential upside of 13.64% from the company's previous close.
A number of other equities analysts also recently commented on BKNG. BMO Capital Markets lifted their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. Wedbush lifted 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 report on Monday, January 6th. Citigroup increased their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. DA Davidson lifted their target price on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price target on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $5,263.28.
Check Out Our Latest Stock Analysis on Booking
Booking Stock Up 1.1 %
Shares of Booking stock traded up $51.51 on Monday, hitting $4,889.95. 232,918 shares of the company were exchanged, compared to its average volume of 250,540. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The stock has a market capitalization of $159.61 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The company has a 50-day moving average price of $4,652.64 and a 200 day moving average price of $4,799.78.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Research analysts forecast that Booking will post 209.92 EPS for the current year.
Institutional Trading of Booking
A number of hedge funds and other institutional investors have recently made changes to their positions in BKNG. Passumpsic Savings Bank boosted its holdings in shares of Booking by 2.6% in the third quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider's stock valued at $2,944,000 after acquiring an additional 18 shares during the period. Virtu Financial LLC grew its position in Booking by 268.5% during the 3rd quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider's stock worth $10,147,000 after purchasing an additional 1,756 shares during the last quarter. World Investment Advisors LLC increased its stake in Booking by 3,561.9% in the third quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider's stock valued at $12,955,000 after purchasing an additional 2,992 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Booking by 27.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider's stock valued at $6,529,000 after buying an additional 335 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in shares of Booking by 404.4% during the third quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider's stock worth $1,933,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds 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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