Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Susquehanna

Booking (NASDAQ:BKNG) had its price objective lifted by stock analysts at Susquehanna from $4,100.00 to $5,500.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the business services provider’s stock. Susquehanna’s price target would suggest a potential upside of 14.94% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Morgan Stanley boosted their price target on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a report on Friday. Mizuho boosted their price target on Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America upped their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4,560.71.

Booking Stock Up 2.3 %

Shares of NASDAQ BKNG traded up $108.72 during mid-day trading on Friday, hitting $4,784.97. 102,638 shares of the company were exchanged, compared to its average volume of 245,397. The stock has a 50 day simple moving average of $4,118.59 and a 200-day simple moving average of $3,872.22. Booking has a 1-year low of $2,756.39 and a 1-year high of $4,856.60. The firm has a market cap of $160.39 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. The business had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. Analysts anticipate that Booking will post 177.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Booking by 0.4% during the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd increased its holdings in Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after acquiring an additional 43,743 shares during the period. Finally, Nordea Investment Management AB grew its stake in Booking by 22.1% in the first quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after acquiring an additional 28,904 shares during the period. 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.