Booking (NASDAQ:BKNG) Price Target Raised to $5,522.00

Booking (NASDAQ:BKNG - Get Free Report) had its target price raised by stock analysts at Bank of America from $4,850.00 to $5,522.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. Bank of America's price target would suggest a potential upside of 8.44% from the company's current price.

Several other analysts also recently issued reports on BKNG. Barclays lifted their price target on Booking from $4,500.00 to $5,100.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Royal Bank of Canada lifted their target price on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Wells Fargo & Company lifted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets increased their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4,889.21.

Booking Trading Down 1.2 %

Shares of BKNG stock traded down $62.96 during trading hours on Wednesday, hitting $5,092.00. 55,257 shares of the company were exchanged, compared to its average volume of 244,719. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The business has a 50 day moving average of $4,851.49 and a two-hundred day moving average of $4,216.60. The company has a market capitalization of $168.53 billion, a PE ratio of 34.90, a PEG ratio of 2.11 and a beta of 1.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Icon Wealth Advisors LLC grew its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Booking during the 3rd quarter worth $5,322,600,000. Harvard Management Co. Inc. bought a new position in shares of Booking in the third quarter worth $155,427,000. 1832 Asset Management L.P. raised its stake in Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock valued at $282,590,000 after purchasing an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock worth $145,755,000 after purchasing an additional 35,270 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Company Profile

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.