Booking (NASDAQ:BKNG - Get Free Report) had its target price lowered by stock analysts at Wells Fargo & Company from $5,248.00 to $4,567.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the business services provider's stock. Wells Fargo & Company's price objective would suggest a potential downside of 0.43% from the stock's previous close.
BKNG has been the subject of a number of other research reports. UBS Group lifted their target price on shares of Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Benchmark lifted their price objective on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities restated a "market outperform" rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Finally, BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Eleven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,327.28.
Read Our Latest Report on Booking
Booking Price Performance
Shares of Booking stock traded up $91.89 during midday trading on Monday, hitting $4,586.53. The company had a trading volume of 304,917 shares, compared to its average volume of 248,358. The stock has a market cap of $150.51 billion, a PE ratio of 26.51, a P/E/G ratio of 1.71 and a beta of 1.37. The business's 50 day simple moving average is $4,715.54 and its two-hundred day simple moving average is $4,766.03. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, sell-side analysts expect that Booking will post 209.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mogy Joel R Investment Counsel Inc. grew its stake in Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider's stock valued at $9,321,000 after buying an additional 264 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider's stock worth $896,455,000 after acquiring an additional 8,735 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Booking by 20.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock valued at $4,495,000 after purchasing an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider's stock worth $29,160,000 after purchasing an additional 368 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock worth $166,787,000 after purchasing an additional 2,010 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.
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.
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