Booking (NASDAQ:BKNG) Price Target Raised to $5,600.00

Booking (NASDAQ:BKNG) had its price objective boosted by Tigress Financial from $4,580.00 to $5,600.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the business services provider’s stock. Tigress Financial’s price objective suggests a potential upside of 11.60% from the company’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Truist Financial increased their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley lifted their target price on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $4,785.00.

Booking Trading Up 0.9 %

Shares of Booking stock traded up $42.59 during trading hours on Monday, reaching $5,017.78. 229,183 shares of the company’s stock were exchanged, compared to its average volume of 248,085. Booking has a 52-week low of $3,079.50 and a 52-week high of $5,069.44. The company has a fifty day moving average of $4,360.27 and a 200-day moving average of $3,991.30. The firm has a market capitalization of $166.09 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. bought a new position in Booking in the third quarter worth about $25,000. Grove Bank & Trust lifted its holdings in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Booking during the 2nd quarter valued at approximately $28,000. Kings Path Partners LLC bought a new position in Booking during the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking in the third quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors.

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.