Booking (NASDAQ:BKNG) Price Target Increased to $5,000.00 by Analysts at JMP Securities

Booking (NASDAQ:BKNG) had its price objective increased by research analysts at JMP Securities from $3,950.00 to $5,000.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “market outperform” rating on the business services provider’s stock. JMP Securities’ target price points to a potential upside of 16.34% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Barclays raised their price target on Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Oppenheimer dropped their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Tigress Financial increased their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Evercore ISI dropped their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,130.18.

Booking Trading Up 0.3 %

BKNG stock opened at $4,297.72 on Tuesday. The company’s 50-day moving average price is $3,904.21 and its 200 day moving average price is $3,803.05. Booking has a 52 week low of $2,733.04 and a 52 week high of $4,328.54. The company has a market cap of $145.81 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.31 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the company earned $37.62 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Booking will post 176.92 earnings per share for the current year.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were 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 directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Hedge funds have recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in shares of Booking in the first quarter valued at $401,371,000. New Mexico Educational Retirement Board boosted its position in Booking by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after buying an additional 400 shares during the last quarter. CWM LLC grew its stake in shares of Booking by 14.2% during the first quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock valued at $8,540,000 after acquiring an additional 292 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Booking during the first quarter valued at about $537,000. Finally, BDF Gestion acquired a new position in shares of Booking in the second quarter worth about $6,897,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.