DA Davidson Increases Booking (NASDAQ:BKNG) Price Target to $4,150.00

Booking (NASDAQ:BKNG) had its price target hoisted by investment analysts at DA Davidson from $4,100.00 to $4,150.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. DA Davidson’s price objective points to a potential upside of 16.01% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Oppenheimer lifted their target price on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Wells Fargo & Company dropped their target price on Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. UBS Group raised their price target on Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. JMP Securities boosted their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Finally, Mizuho raised their target price on Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3,823.00.

Booking Trading Up 3.0 %

Booking stock opened at $3,577.38 on Friday. Booking has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The business’s 50 day simple moving average is $3,524.43 and its 200 day simple moving average is $3,399.84. The company has a market cap of $121.70 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the firm earned $11.60 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, equities research analysts forecast that Booking will post 176.1 earnings per share for the current fiscal year.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at $95,318,211.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,483 shares of company stock valued at $18,891,445. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of Booking

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in Booking by 8.8% in the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after purchasing an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its stake in Booking by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after purchasing an additional 25 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in Booking by 3.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after purchasing an additional 470 shares during the last quarter. Boston Trust Walden Corp purchased a new position in shares of Booking in the fourth quarter valued at about $24,841,000. Finally, Advisor Resource Council increased its position in shares of Booking by 382.4% in the fourth quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock valued at $1,266,000 after acquiring an additional 283 shares during the period. 92.42% of the stock is owned by institutional investors.

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.