Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00 at Oppenheimer

Booking (NASDAQ:BKNG) had its price objective raised by research analysts at Oppenheimer from $5,500.00 to $6,000.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 13.20% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Citigroup increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group raised their target price on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Robert W. Baird assumed coverage on Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. JMP Securities raised their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,837.17.

Booking Stock Up 0.2 %

NASDAQ BKNG opened at $5,300.34 on Friday. The firm has a market capitalization of $175.43 billion, a P/E ratio of 35.97, a PEG ratio of 2.12 and a beta of 1.41. The company has a 50-day moving average price of $4,705.52 and a 200-day moving average price of $4,143.70. Booking has a 52 week low of $3,177.16 and a 52 week high of $5,337.20.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV increased its position in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the last quarter. Cumberland Partners Ltd grew its holdings in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after purchasing an additional 233,052 shares during the period. Infusive Asset Management Inc. raised its position in Booking by 75.9% in the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after purchasing an additional 516 shares during the period. Finally, Claro Advisors LLC lifted its stake 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 worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.