Booking (NASDAQ:BKNG) Given New $4,900.00 Price Target at Piper Sandler

Booking (NASDAQ:BKNG) had its price target hoisted by research analysts at Piper Sandler from $3,560.00 to $4,900.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. Piper Sandler’s price target would suggest a potential upside of 2.48% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on BKNG. DA Davidson lifted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JMP Securities boosted their price target on Booking from $3,950.00 to $5,000.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,408.93.

Booking Stock Performance

BKNG stock opened at $4,781.42 on Thursday. The stock’s 50 day moving average price is $4,100.42 and its 200 day moving average price is $3,866.59. The firm has a market cap of $160.27 billion, a P/E ratio of 33.44, a PEG ratio of 1.44 and a beta of 1.40. Booking has a 1 year low of $2,756.13 and a 1 year high of $4,781.42.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $77.94 by $5.95. The business had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.63 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. On average, research analysts predict that Booking will post 177.29 earnings per share for the current year.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. CreativeOne Wealth LLC acquired a new stake in shares of Booking during the first quarter worth approximately $537,000. BDF Gestion acquired a new stake in shares of Booking in the 2nd quarter valued at about $6,897,000. Gamco Investors INC. ET AL acquired a new stake in shares of Booking in the 1st quarter valued at about $519,000. CWM LLC lifted its position in shares of Booking by 11.8% during the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings 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 buying an additional 15,002 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.