Booking (NASDAQ:BKNG) Price Target Raised to $5,600.00 at Barclays

Booking (NASDAQ:BKNG) had its price objective raised by Barclays from $5,100.00 to $5,600.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

BKNG has been the topic of a number of other reports. DA Davidson raised their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price objective on Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Tigress Financial upped their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a report on Monday, November 18th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Performance

Shares of BKNG opened at $4,989.22 on Friday. The stock has a 50 day moving average price of $4,903.34 and a 200 day moving average price of $4,551.96. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market capitalization of $165.14 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, analysts predict that Booking will post 181.63 earnings per share for the current year.

Hedge Funds Weigh In On Booking

Several institutional investors have recently modified their holdings of the business. Mogy Joel R Investment Counsel Inc. grew 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 worth $9,321,000 after purchasing an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB grew its position 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 buying an additional 8,735 shares in 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 buying an additional 368 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors and hedge funds 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.