JMP Securities Reaffirms Market Outperform Rating for Booking (NASDAQ:BKNG)

Booking (NASDAQ:BKNG)‘s stock had its “market outperform” rating reiterated by research analysts at JMP Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $5,400.00 price objective on the business services provider’s stock. JMP Securities’ price objective suggests a potential upside of 2.35% from the stock’s current price.

A number of other equities research analysts have also issued reports on BKNG. Wells Fargo & Company boosted their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada upped their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler increased their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,837.17.

Booking Trading Up 1.8 %

NASDAQ:BKNG traded up $90.85 on Wednesday, reaching $5,276.18. The stock had a trading volume of 68,316 shares, compared to its average volume of 245,462. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.20. The company has a 50-day moving average of $4,745.96 and a 200 day moving average of $4,165.57. The stock has a market cap of $174.64 billion, a P/E ratio of 35.87, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41.

Institutional Trading of Booking

Several hedge funds have recently bought and sold shares of BKNG. Oddo BHF Asset Management Sas acquired a new position in shares of Booking in the third quarter valued at approximately $18,508,000. Inspire Trust Co. N.A. increased its stake in Booking by 404.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock worth $1,933,000 after acquiring an additional 368 shares during the period. Optimist Retirement Group LLC lifted its position in shares of Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of Booking by 27.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider’s stock worth $6,529,000 after purchasing an additional 335 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Booking by 3,561.9% during the 3rd quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider’s stock worth $12,955,000 after purchasing an additional 2,992 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.