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

Booking (NASDAQ:BKNG) had its price target raised by Barclays from $5,100.00 to $5,600.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities analysts also recently issued reports on BKNG. Tigress Financial upped 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 note on Monday, November 18th. JMP Securities reissued a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. DA Davidson raised their price target on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Truist Financial raised their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,989.22 on Friday. The stock’s 50-day simple moving average is $4,903.34 and its 200-day simple moving average is $4,551.96. The firm has a market capitalization of $165.14 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

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

Hedge Funds Weigh In On Booking

A number of large investors have recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Booking in the 4th quarter worth approximately $30,000. Bernard Wealth Management Corp. purchased a new position in Booking in the 4th quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. raised its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other 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.