Bank of America Boosts Booking (NASDAQ:BKNG) Price Target to $5,522.00

Booking (NASDAQ:BKNG) had its price objective lifted by equities research analysts at Bank of America from $4,850.00 to $5,522.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Bank of America‘s price objective points to a potential upside of 10.87% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays raised their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their target price on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Argus lowered Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. B. Riley boosted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,909.90.

Booking Stock Up 0.7 %

Shares of BKNG opened at $4,980.40 on Wednesday. The stock has a market capitalization of $164.84 billion, a P/E ratio of 33.80, a PEG ratio of 2.11 and a beta of 1.41. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a fifty day simple moving average of $4,878.36 and a two-hundred day simple moving average of $4,226.95.

Hedge Funds Weigh In On Booking

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Booking during the third quarter valued at $18,508,000. Inspire Trust Co. N.A. lifted its holdings in Booking by 404.4% in the third quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock valued at $1,933,000 after acquiring an additional 368 shares during the period. Optimist Retirement Group LLC boosted its position in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Booking by 27.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider’s stock valued at $6,529,000 after purchasing an additional 335 shares during the period. Institutional investors 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.