Wells Fargo & Company Raises Booking (NASDAQ:BKNG) Price Target to $5,248.00

Booking (NASDAQ:BKNG) had its price target hoisted by analysts at Wells Fargo & Company from $4,470.00 to $5,248.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 5.19% from the stock’s previous close.

BKNG has been the subject of a number of other research reports. Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Oppenheimer boosted their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Truist Financial boosted their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. B. Riley boosted their target price on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Baird R W raised Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Down 0.6 %

BKNG opened at $4,989.22 on Friday. The stock has a 50-day moving average price of $4,903.34 and a 200-day moving average price of $4,559.90. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $165.13 billion, a P/E ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $5.18 billion. On average, equities research analysts predict that Booking will post 207.62 EPS for the current year.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its stake in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Booking by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after buying an additional 6,009 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after buying an additional 13,429 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Booking in the 4th quarter worth approximately $1,958,352,000. 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.