Cantor Fitzgerald Increases Booking (NASDAQ:BKNG) Price Target to $5,540.00

Booking (NASDAQ:BKNG) had its target price lifted by analysts at Cantor Fitzgerald from $4,900.00 to $5,540.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 11.04% from the stock’s previous close.

Several other research firms have also weighed in on BKNG. Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Robert W. Baird began coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada lifted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Performance

Shares of BKNG stock opened at $4,989.22 on Friday. The firm has a market cap of $165.13 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business’s 50 day moving average price is $4,903.34 and its 200-day moving average price is $4,559.90.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 159.60% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. As a group, equities analysts predict that Booking will post 207.62 EPS for the current year.

Institutional Trading of Booking

A number of hedge funds have recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Booking during the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in Booking during the fourth quarter valued at about $35,000. 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.