DA Davidson Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its price objective increased by DA Davidson from $5,005.00 to $5,800.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

BKNG has been the subject of a number of other reports. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Susquehanna raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Truist Financial boosted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Mizuho raised their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Price Performance

Shares of BKNG stock opened at $4,989.22 on Friday. The firm has a fifty day moving average of $4,903.34 and a two-hundred day moving average of $4,551.96. The firm has a market cap of $165.14 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, sell-side analysts expect that Booking will post 181.63 EPS for the current year.

Institutional Trading of Booking

Several institutional investors have recently modified their holdings of BKNG. Proficio Capital Partners LLC lifted its holdings in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Norges Bank bought a new stake in Booking during the fourth quarter worth approximately $1,958,352,000. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock valued at $1,394,283,000 after buying an additional 95,308 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock valued at $1,831,499,000 after acquiring an additional 58,357 shares during 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.