Booking (NASDAQ:BKNG - Get Free Report) had its price target raised by investment analysts at UBS Group from $4,350.00 to $5,050.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. UBS Group's target price would suggest a potential upside of 16.04% from the stock's current price.
BKNG has been the topic of several other research reports. Wedbush lifted 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. Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a report on Tuesday. StockNews.com upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Oppenheimer cut their price target on shares of Booking from $4,600.00 to $4,200.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Bank of America cut their price target on shares of Booking from $3,950.00 to $3,750.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4,164.11.
View Our Latest Research Report on BKNG
Shares of NASDAQ:BKNG traded down $25.81 during trading on Wednesday, hitting $4,351.97. 31,502 shares of the stock traded hands, compared to its average volume of 245,014. The company has a market cap of $145.88 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 1.33 and a beta of 1.40. The company has a fifty day moving average price of $4,015.02 and a two-hundred day moving average price of $3,835.37. Booking has a 52-week low of $2,733.04 and a 52-week high of $4,395.00.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same quarter last year, the company earned $37.62 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Booking will post 177.05 EPS for the current fiscal year.
In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company's stock.
Several hedge funds have recently modified their holdings of BKNG. International Assets Investment Management LLC acquired a new stake in shares of Booking in the third quarter worth approximately $5,322,600,000. Bessemer Group Inc. boosted its position in shares of Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider's stock worth $227,143,000 after acquiring an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider's stock worth $702,049,000 after acquiring an additional 43,743 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of Booking by 106.0% in the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider's stock worth $282,590,000 after acquiring an additional 36,710 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider's stock valued at $145,755,000 after buying an additional 35,270 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
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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