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

Booking (NASDAQ:BKNG) had its price objective hoisted by Barclays from $4,500.00 to $5,100.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would suggest a potential upside of 9.26% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a research note on Monday, August 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Wells Fargo & Company upped their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. JMP Securities lifted their price objective on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Truist Financial began coverage on Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price for the company. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,464.29.

Booking Stock Up 4.6 %

NASDAQ:BKNG traded up $203.82 during trading hours on Thursday, reaching $4,667.75. 346,030 shares of the company’s stock were exchanged, compared to its average volume of 245,341. The company has a market capitalization of $156.46 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. Booking has a 12 month low of $2,756.13 and a 12 month high of $4,856.60. The business’s 50-day simple moving average is $4,100.42 and its two-hundred day simple moving average is $3,866.59.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. The company had revenue of $7.99 billion during 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%. As a group, sell-side analysts anticipate that Booking will post 177.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Booking in the 1st quarter worth approximately $221,000. Norden Group LLC lifted its holdings in shares of Booking by 38.7% during the first quarter. Norden Group LLC now owns 294 shares of the business services provider’s stock valued at $1,067,000 after acquiring an additional 82 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Booking in the 1st quarter valued at $1,226,000. Mission Wealth Management LP grew its holdings in shares of Booking by 66.3% in the 1st quarter. Mission Wealth Management LP now owns 148 shares of the business services provider’s stock worth $538,000 after purchasing an additional 59 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Booking during the 1st quarter worth about $40,000. 92.42% of the stock is owned by 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.