DA Davidson Increases Booking (NASDAQ:BKNG) Price Target to $5,800.00

Booking (NASDAQ:BKNG) had its target price boosted by DA Davidson from $5,005.00 to $5,800.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. DA Davidson’s target price would suggest a potential upside of 16.25% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. B. Riley increased their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday. Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a report on Friday. Barclays raised their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday. Finally, Susquehanna raised 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. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Down 0.6 %

Shares of BKNG opened at $4,989.22 on Friday. The company has a 50-day simple moving average of $4,903.34 and a 200-day simple moving average of $4,559.90. The company has a market capitalization of $165.13 billion, a PE ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its quarterly 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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. On average, research analysts anticipate that Booking will post 207.62 EPS for the current year.

Institutional Investors Weigh In On Booking

Several hedge funds have recently modified their holdings of BKNG. Proficio Capital Partners LLC boosted its position in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Norges Bank acquired a new position in Booking during the fourth quarter valued at approximately $1,958,352,000. Icon Wealth Advisors LLC lifted its position 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 buying an additional 233,052 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Booking by 51.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after buying an additional 58,357 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

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.