Booking (NASDAQ:BKNG) Price Target Raised to $5,000.00 at Oppenheimer

Booking (NASDAQ:BKNG) had its price target increased by equities research analysts at Oppenheimer from $4,200.00 to $5,000.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target indicates a potential upside of 15.18% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Truist Financial started coverage on Booking in a research report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price for the company. Tigress Financial upped their target price on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. Morgan Stanley upped their target price on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Benchmark decreased their target price on Booking from $4,700.00 to $4,600.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,231.96.

Booking Trading Up 0.1 %

NASDAQ:BKNG traded up $2.27 on Friday, hitting $4,341.00. 51,079 shares of the stock were exchanged, compared to its average volume of 244,371. The stock has a market cap of $145.51 billion, a PE ratio of 30.46, a PEG ratio of 1.33 and a beta of 1.40. The stock has a fifty day moving average of $4,029.83 and a 200-day moving average of $3,838.71. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,395.00.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $37.62 earnings per share. As a group, analysts predict that Booking will post 177.17 earnings per share for the current year.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several large investors have recently added to or reduced their stakes in BKNG. Consilio Wealth Advisors LLC grew its stake in shares of Booking by 1.7% in the 1st quarter. Consilio Wealth Advisors LLC now owns 178 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Booking by 30.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 13 shares of the business services provider’s stock worth $47,000 after acquiring an additional 3 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Booking by 14.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 24 shares of the business services provider’s stock worth $87,000 after acquiring an additional 3 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after acquiring an additional 3 shares in the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of Booking by 4.7% in the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.