Booking (NASDAQ:BKNG) Stock Price Expected to Rise, Benchmark Analyst Says

Booking (NASDAQ:BKNG) had its target price upped by stock analysts at Benchmark from $5,000.00 to $5,900.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Benchmark’s price target would suggest a potential upside of 18.25% from the stock’s current price.

A number of other research firms have also recently issued reports on BKNG. Susquehanna raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Tigress Financial increased their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group increased their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird initiated coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Down 0.6 %

NASDAQ BKNG opened at $4,989.22 on Friday. The company has a fifty day simple moving average of $4,903.34 and a two-hundred day simple moving average of $4,559.90. The stock 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 12-month low of $3,180.00 and a 12-month high of $5,337.24.

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

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking in the fourth quarter worth about $25,000. Summit Securities Group LLC purchased a new position in shares of Booking in the fourth quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the fourth quarter worth about $30,000. Finally, Promus Capital LLC purchased a new position in shares of Booking in the fourth quarter worth about $35,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.