UBS Group Increases Booking (NASDAQ:BKNG) Price Target to $5,550.00

Booking (NASDAQ:BKNG) had its price objective hoisted by analysts at UBS Group from $5,050.00 to $5,550.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 16.86% from the stock’s previous close.

Several other brokerages have also commented on BKNG. DA Davidson lifted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler lifted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com cut Booking from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. B. Riley lifted their price target on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays boosted their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Stock Performance

NASDAQ:BKNG opened at $4,749.11 on Thursday. Booking has a 1 year low of $2,756.39 and a 1 year high of $4,856.60. The stock has a market cap of $159.19 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.45 and a beta of 1.40. The stock has a 50-day simple moving average of $4,136.96 and a 200-day simple moving average of $3,880.99.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. The firm had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.63 billion. On average, equities research analysts predict that Booking will post 177.37 EPS for the current year.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

A number of institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. bought a new position in shares of Booking in the 1st quarter valued at about $221,000. Norden Group LLC increased its stake in Booking by 38.7% during the 1st quarter. Norden Group LLC now owns 294 shares of the business services provider’s stock worth $1,067,000 after purchasing an additional 82 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Booking during the 1st quarter worth approximately $1,226,000. Mission Wealth Management LP lifted its stake in Booking by 66.3% in the first quarter. Mission Wealth Management LP now owns 148 shares of the business services provider’s stock valued at $538,000 after buying an additional 59 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Booking in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.