Booking (NASDAQ:BKNG) Raised to “Strong-Buy” at Baird R W

Booking (NASDAQ:BKNG) was upgraded by equities researchers at Baird R W to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on BKNG. Benchmark reiterated a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Bank of America boosted their price target on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler raised their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wedbush upped their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,820.50.

Booking Price Performance

BKNG stock opened at $5,223.15 on Wednesday. The company has a 50 day moving average price of $4,576.71 and a 200 day moving average price of $4,079.32. Booking has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00. The stock has a market capitalization of $172.89 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its position in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after purchasing an additional 334 shares during the last quarter. BDF Gestion acquired a new position in Booking during the second quarter worth $6,897,000. Cumberland Partners Ltd raised its position in Booking by 25.0% during the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares in the last quarter. CWM LLC lifted its stake in Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after acquiring an additional 277 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its position in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the period. 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.