Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) Target Price at $4,997.64

Booking Holdings Inc. (NASDAQ:BKNG) has received a consensus rating of “Moderate Buy” from the thirty-two ratings firms that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5,044.43.

Several research firms have issued reports on BKNG. Deutsche Bank Aktiengesellschaft boosted their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. B. Riley raised their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Susquehanna raised their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st.

Institutional Trading of Booking

Several large investors have recently modified their holdings of the company. Mogy Joel R Investment Counsel Inc. raised its stake in Booking by 16.4% during 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 purchasing an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the period. Nordea Investment Management AB lifted its holdings in Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after purchasing an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after acquiring an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Booking by 5.3% during the third 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 owned by institutional investors.

Booking Stock Down 0.8 %

Shares of NASDAQ BKNG opened at $4,737.56 on Monday. The stock’s fifty day simple moving average is $4,992.18 and its 200 day simple moving average is $4,433.62. The stock has a market capitalization of $156.81 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.62 and a beta of 1.39. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

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.