Booking (NASDAQ:BKNG) Price Target Raised to $5,200.00 at Deutsche Bank Aktiengesellschaft

Booking (NASDAQ:BKNG) had its price objective increased by Deutsche Bank Aktiengesellschaft from $4,900.00 to $5,200.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 9.52% from the company’s previous close.

BKNG has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Finally, Wells Fargo & Company increased their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Eleven investment 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 company. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,680.18.

Booking Trading Up 1.5 %

NASDAQ BKNG traded up $71.60 during mid-day trading on Friday, reaching $4,747.85. 356,312 shares of the company’s stock traded hands, compared to its average volume of 246,657. Booking has a 1-year low of $2,756.39 and a 1-year high of $4,856.60. The company has a fifty day simple moving average of $4,118.59 and a 200-day simple moving average of $3,872.22. The company has a market cap of $159.15 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 1.45 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. The business had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.63 billion. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. Equities research analysts forecast that Booking will post 177.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Booking

Hedge funds have recently made changes to their positions in the company. CreativeOne Wealth LLC bought a new stake in Booking during the first quarter worth about $537,000. BDF Gestion acquired a new position in shares of Booking in the 2nd quarter worth approximately $6,897,000. Gamco Investors INC. ET AL bought a new stake in Booking during the 1st quarter worth approximately $519,000. CWM LLC grew its position in Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after acquiring an additional 277 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after purchasing an additional 15,002 shares in the last quarter. Institutional investors and hedge funds 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.