Robert W. Baird Begins Coverage on Booking (NASDAQ:BKNG)

Research analysts at Robert W. Baird initiated coverage on shares of Booking (NASDAQ:BKNG) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $5,850.00 price target on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 12.00% from the stock’s current price.

A number of other brokerages have also recently commented on BKNG. Royal Bank of Canada lifted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Tigress Financial increased their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Piper Sandler boosted their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, B. Riley increased their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,820.50.

Booking Stock Performance

Shares of BKNG stock opened at $5,223.15 on Wednesday. The firm’s 50 day moving average price is $4,576.71 and its two-hundred day moving average price is $4,079.32. Booking has a 52-week low of $3,079.50 and a 52-week high of $5,237.00. The stock has a market cap of $172.89 billion, a PE ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38.

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently modified their holdings of BKNG. Garner Asset Management Corp boosted its holdings in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC boosted its holdings in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. CVA Family Office LLC grew its position in shares of Booking by 8.1% in the second quarter. CVA Family Office LLC now owns 40 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3 shares during the last quarter. American National Bank increased its stake in shares of Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after purchasing an additional 3 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Booking by 3.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.