Booking (NASDAQ:BKNG) Price Target Raised to $4,510.00 at The Goldman Sachs Group

Booking (NASDAQ:BKNG) had its price objective boosted by research analysts at The Goldman Sachs Group from $3,940.00 to $4,510.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 4.46% from the company’s current price.

A number of other research firms have also recently commented on BKNG. Tigress Financial boosted their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company boosted their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, B. Riley raised their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,641.07.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $44.06 during midday trading on Friday, reaching $4,720.31. The stock had a trading volume of 258,565 shares, compared to its average volume of 246,196. The company has a market capitalization of $158.22 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. Booking has a 12-month low of $2,756.39 and a 12-month high of $4,856.60. The stock has a 50-day moving average of $4,118.59 and a 200-day moving average of $3,872.22.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. The business had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.63 billion. As a group, analysts forecast that Booking will post 177.37 EPS for the current fiscal year.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in Booking in the third quarter worth about $1,007,000. Source Financial Advisors LLC bought a new stake in shares of Booking in the 3rd quarter valued at about $202,000. Fiera Capital Corp lifted its position in shares of Booking by 34.0% in the 3rd quarter. Fiera Capital Corp now owns 2,461 shares of the business services provider’s stock worth $10,366,000 after purchasing an additional 625 shares during the period. Hollencrest Capital Management boosted its stake in shares of Booking by 3.2% during the third quarter. Hollencrest Capital Management now owns 192 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 6 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Booking during the third quarter valued at approximately $149,000. Institutional investors own 92.42% of the company’s stock.

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.