Robert W. Baird Initiates Coverage on Booking (NASDAQ:BKNG)

Analysts at Robert W. Baird initiated coverage on shares of Booking (NASDAQ:BKNG) in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $5,850.00 price target on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 12.18% from the stock’s previous close.

A number of other research analysts also recently issued reports on BKNG. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush lifted their price objective on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Stock Up 2.1 %

Booking stock opened at $5,214.72 on Wednesday. The company has a 50 day moving average of $4,528.70 and a 200-day moving average of $4,063.21. Booking has a twelve month low of $3,079.50 and a twelve month high of $5,237.00. The stock has a market capitalization of $172.61 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in Booking in the 3rd quarter valued at approximately $25,000. Grove Bank & Trust grew its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in Booking in the second quarter valued at $28,000. Kings Path Partners LLC bought a new position in Booking during the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking during the 3rd quarter worth about $29,000. 92.42% of the stock is currently owned by institutional investors.

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.