Booking (NASDAQ:BKNG) PT Raised to $4,500.00 at Barclays

by · The Cerbat Gem

Booking (NASDAQ:BKNG – Get Free Report) had its price objective boosted by equities research analysts at Barclays from $3,900.00 to $4,500.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target suggests a potential upside of 4.85% from the company’s current price.

A number of other research firms have also recently commented on BKNG. Wedbush boosted their target price on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating and cut their target price for the stock from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and set a $3,900.00 target price on shares of Booking in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $4,092.68.

View Our Latest Stock Analysis on Booking

Booking Stock Performance

Shares of Booking stock opened at $4,292.00 on Tuesday. The firm has a 50-day simple moving average of $3,842.77 and a two-hundred day simple moving average of $3,784.93. The company has a market cap of $145.62 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,304.77.

Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $37.62 earnings per share. Equities research analysts forecast that Booking will post 176.92 EPS for the current year.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Assets Advisory LLC acquired a new stake in shares of Booking in the first quarter valued at approximately $401,371,000. New Mexico Educational Retirement Board raised its holdings in shares of Booking by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after buying an additional 400 shares during the last quarter. CWM LLC boosted its stake in shares of Booking by 14.2% during the first quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock worth $8,540,000 after buying an additional 292 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Booking during the first quarter worth about $537,000. Finally, BDF Gestion acquired a new position in Booking in the 2nd quarter valued at about $6,897,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

About Booking

(Get Free Report)

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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