Booking (NASDAQ:BKNG) Earns Neutral Rating from Piper Sandler

Booking (NASDAQ:BKNG)‘s stock had its “neutral” rating reiterated by investment analysts at Piper Sandler in a research note issued to investors on Friday,Benzinga reports. They presently have a $5,120.00 target price on the business services provider’s stock, up from their previous target price of $4,900.00. Piper Sandler’s price target points to a potential upside of 2.62% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. B. Riley boosted their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. UBS Group lifted their price target on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

Booking stock opened at $4,989.22 on Friday. The company 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 fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. 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 (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company 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, analysts forecast that Booking will post 207.62 earnings per share for the current year.

Institutional Investors Weigh In On Booking

Several hedge funds have recently added to or reduced their stakes in BKNG. Private Advisor Group LLC boosted its holdings in Booking by 2.5% in the third quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock valued at $10,256,000 after purchasing an additional 60 shares during the last quarter. McAdam LLC purchased a new stake in Booking in the third quarter valued at $202,000. Great Lakes Retirement Inc. boosted its holdings in Booking by 5.4% in the third quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock valued at $1,304,000 after purchasing an additional 16 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Booking by 24.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 23 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Booking by 6.5% in the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock valued at $1,530,000 after purchasing an additional 22 shares during the last quarter. 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.