Mizuho Raises Booking (NASDAQ:BKNG) Price Target to $6,000.00

Booking (NASDAQ:BKNG) had its price target raised by stock analysts at Mizuho from $5,400.00 to $6,000.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s target price would indicate a potential upside of 18.85% from the company’s current price.

Other research analysts also recently issued reports about the stock. Wedbush raised their price target 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. BMO Capital Markets raised their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Price Performance

Shares of BKNG opened at $5,048.59 on Thursday. The stock has a market capitalization of $167.09 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The business’s fifty day moving average price is $4,893.64 and its 200 day moving average price is $4,235.87. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

Institutional Trading of Booking

Institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares in the last quarter. Cumberland Partners Ltd raised its holdings in shares of Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. Infusive Asset Management Inc. lifted its stake in Booking by 75.9% during the third quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock valued at $5,038,000 after purchasing an additional 516 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in Booking by 24.3% during the third quarter. Townsquare Capital LLC now owns 4,618 shares of the business services provider’s stock worth $19,453,000 after buying an additional 903 shares in the last quarter. Institutional investors and hedge funds 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.