Booking (NASDAQ:BKNG) Stock Rating Reaffirmed by Benchmark

Booking (NASDAQ:BKNG)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $4,600.00 price objective on the business services provider’s stock. Benchmark’s target price indicates a potential upside of 4.67% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research note on Monday, October 7th. JMP Securities increased their target price on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 15th. Finally, Tigress Financial raised their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

Booking Trading Up 1.1 %

Shares of BKNG stock traded up $47.15 during trading hours on Tuesday, reaching $4,394.74. 37,286 shares of the stock were exchanged, compared to its average volume of 243,712. Booking has a 12-month low of $2,756.13 and a 12-month high of $4,403.00. The company’s 50-day moving average price is $4,071.40 and its 200-day moving average price is $3,856.08. The firm has a market capitalization of $147.31 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $37.62 EPS. On average, sell-side analysts expect that Booking will post 177.29 EPS for the current year.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CreativeOne Wealth LLC acquired a new stake in Booking during the 1st quarter worth approximately $537,000. BDF Gestion acquired a new stake in Booking in the second quarter valued at approximately $6,897,000. Gamco Investors INC. ET AL acquired a new stake in Booking in the first quarter valued at approximately $519,000. CWM LLC grew its position 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 in the last quarter. Finally, Claro Advisors LLC grew its position in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after acquiring an additional 15,002 shares in the last quarter. 92.42% of the stock is currently 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.