Booking (NASDAQ:BKNG) Given New $2,550.00 Price Target at Barclays

Booking (NASDAQ:BKNGGet Rating) had its price target raised by investment analysts at Barclays from $2,430.00 to $2,550.00 in a note issued to investors on Wednesday, The Fly reports. Barclays‘s price objective would suggest a potential upside of 6.15% from the stock’s current price.

BKNG has been the subject of a number of other reports. Jefferies Financial Group lowered their target price on Booking from $2,700.00 to $2,250.00 and set a “buy” rating for the company in a report on Thursday, October 6th. JPMorgan Chase & Co. raised their target price on Booking from $2,300.00 to $2,350.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Booking to $2,370.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. Bank of America increased their price target on Booking from $2,200.00 to $2,250.00 and gave the company a “buy” rating in a research report on Thursday, November 3rd. Finally, JMP Securities reduced their price target on Booking from $2,300.00 to $2,250.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 20th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,458.31.

Booking Stock Performance

NASDAQ BKNG opened at $2,402.34 on Wednesday. The stock has a market cap of $93.19 billion, a PE ratio of 39.45, a P/E/G ratio of 1.21 and a beta of 1.26. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.36. Booking has a twelve month low of $1,616.85 and a twelve month high of $2,715.66. The stock has a fifty day simple moving average of $2,076.77 and a 200-day simple moving average of $1,935.26.

Booking (NASDAQ:BKNGGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share for the quarter, topping analysts’ consensus estimates of $49.40 by $3.63. Booking had a return on equity of 81.11% and a net margin of 15.23%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period in the prior year, the business posted $37.70 EPS. The company’s revenue was up 28.8% compared to the same quarter last year. Equities analysts anticipate that Booking will post 95.72 earnings per share for the current year.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the transaction, the director now directly owns 758 shares in the company, valued at approximately $1,490,864.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the sale, the director now directly owns 758 shares in the company, valued at $1,490,864.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 100 shares of Booking stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $2,314.64, for a total value of $231,464.00. Following the completion of the sale, the chief executive officer now owns 44,874 shares in the company, valued at $103,867,155.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,120 shares of company stock worth $4,893,155. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AKO Capital LLP raised its holdings in Booking by 1.5% during the fourth quarter. AKO Capital LLP now owns 372,287 shares of the business services provider’s stock worth $750,263,000 after purchasing an additional 5,403 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd raised its holdings in shares of Booking by 1.0% in the second quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 315,767 shares of the business services provider’s stock worth $552,273,000 after acquiring an additional 3,104 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in shares of Booking in the third quarter worth $452,154,000. Lone Pine Capital LLC raised its holdings in shares of Booking by 6.9% in the third quarter. Lone Pine Capital LLC now owns 253,570 shares of the business services provider’s stock worth $416,669,000 after acquiring an additional 16,409 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Booking by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 217,517 shares of the business services provider’s stock worth $510,828,000 after acquiring an additional 5,506 shares during the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

About Booking

(Get Rating)

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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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