Booking (NASDAQ:BKNG) Price Target Raised to $5,800.00 at Citigroup

Booking (NASDAQ:BKNG) had its price target boosted by investment analysts at Citigroup from $5,500.00 to $5,800.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target indicates a potential upside of 14.76% from the stock’s current price.

A number of other analysts have also weighed in on BKNG. BMO Capital Markets upped their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

BKNG stock traded up $35.98 during mid-day trading on Friday, reaching $5,054.21. 389,954 shares of the stock traded hands, compared to its average volume of 261,747. The stock has a market capitalization of $167.29 billion, a PE ratio of 34.24, a PEG ratio of 1.77 and a beta of 1.39. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The business has a 50-day moving average price of $4,908.11 and a two-hundred day moving average price of $4,540.81.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, equities analysts expect that Booking will post 181.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Garner Asset Management Corp raised its holdings in shares of Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares in the last quarter. Optimist Retirement Group LLC raised its holdings in shares of Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares in the last quarter. Covestor Ltd raised its holdings in shares of Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC raised its holdings in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2 shares in the last quarter. 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.