Booking Holdings Inc. (NASDAQ:BKNG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have earned a consensus recommendation of “Moderate Buy” from the thirty-two brokerages that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5,044.43.

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Tigress Financial lifted their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Argus downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th.

Booking Price Performance

NASDAQ:BKNG opened at $4,737.56 on Monday. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s 50-day simple moving average is $5,000.97 and its 200 day simple moving average is $4,426.92. The firm has a market capitalization of $156.81 billion, a P/E ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41.

Institutional Trading of Booking

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking during the third quarter valued at about $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at $25,000. West Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter worth about $29,000. Finally, Valley National Advisers Inc. boosted its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 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.