Booking (NASDAQ:BKNG) Given New $5,960.00 Price Target at UBS Group

Booking (NASDAQ:BKNG) had its price target raised by UBS Group from $5,560.00 to $5,960.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a buy rating on the business services provider’s stock.

Several other brokerages also recently commented on BKNG. Tigress Financial raised their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Cfra raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial boosted their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Down 0.6 %

Shares of BKNG opened at $4,989.22 on Friday. The business has a 50-day simple moving average of $4,903.34 and a two-hundred day simple moving average of $4,551.96. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market cap of $165.14 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, equities analysts anticipate that Booking will post 181.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its stake in Booking by 2.5% during the third quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after buying an additional 60 shares during the period. McAdam LLC purchased a new stake in Booking in the 3rd quarter worth about $202,000. Great Lakes Retirement Inc. lifted its stake in Booking by 5.4% in the third quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock worth $1,304,000 after purchasing an additional 16 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Booking by 24.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock valued at $497,000 after buying an additional 23 shares during the period. Finally, CENTRAL TRUST Co grew its stake in shares of Booking by 6.5% during the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 22 shares during the last quarter. Institutional investors 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.