Cfra upgraded shares of Booking (NASDAQ:BKNG - Free Report) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat.com reports.
A number of other research analysts have also recently commented on BKNG. Cantor Fitzgerald dropped their price target on Booking from $5,100.00 to $4,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Truist Financial upped their price target on Booking from $4,100.00 to $4,700.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Baird R W raised Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. Benchmark reissued a "buy" rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Finally, Wedbush increased their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5,165.43.
View Our Latest Analysis on BKNG
Booking Stock Performance
NASDAQ:BKNG traded up $219.78 during trading on Tuesday, reaching $5,238.01. The company's stock had a trading volume of 139,310 shares, compared to its average volume of 254,150. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a 50 day moving average of $4,908.11 and a 200-day moving average of $4,540.81. The firm has a market cap of $173.38 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The firm had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Equities research analysts forecast that Booking will post 181.63 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Garner Asset Management Corp lifted its stake in shares of Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after purchasing an additional 2 shares during the period. Optimist Retirement Group LLC raised its stake in Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after buying an additional 2 shares during the last quarter. Covestor Ltd raised its stake in Booking by 6.9% during the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider's stock valued at $158,000 after buying an additional 2 shares during the last quarter. SageView Advisory Group LLC raised its stake in Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider's stock valued at $616,000 after buying an additional 2 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider's stock valued at $472,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.
Booking Company Profile
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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.
See Also
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