Tigress Financial Forecasts Strong Price Appreciation for Booking (NASDAQ:BKNG) Stock

Booking (NASDAQ:BKNG) had its price target boosted by equities research analysts at Tigress Financial from $4,580.00 to $5,600.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “strong-buy” rating on the business services provider’s stock. Tigress Financial’s target price would suggest a potential upside of 12.52% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI dropped their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Susquehanna boosted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Morgan Stanley increased their price objective on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Benchmark restated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,785.00.

Booking Price Performance

NASDAQ BKNG opened at $4,976.99 on Monday. The stock has a market capitalization of $164.74 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.55 and a beta of 1.38. The business’s fifty day moving average is $4,407.41 and its 200-day moving average is $4,012.03. Booking has a one year low of $3,079.50 and a one year high of $5,069.44.

Insider Buying and Selling at Booking

In other Booking 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 value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Booking

Institutional investors have recently bought and sold shares of the stock. Unigestion Holding SA purchased a new position in shares of Booking during the 3rd quarter worth approximately $670,000. Virtue Capital Management LLC boosted its position in shares of Booking by 11.0% during the third quarter. Virtue Capital Management LLC now owns 192 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 19 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Booking by 12.2% in the third quarter. Coldstream Capital Management Inc. now owns 654 shares of the business services provider’s stock worth $2,807,000 after purchasing an additional 71 shares during the period. Geode Capital Management LLC raised its holdings in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Finally, Foyston Gordon & Payne Inc lifted its position in Booking by 2.0% during the third quarter. Foyston Gordon & Payne Inc now owns 2,939 shares of the business services provider’s stock valued at $12,379,000 after buying an additional 57 shares during the period. 92.42% of the stock is owned by institutional investors.

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.