StockNews.com Upgrades Booking (NASDAQ:BKNG) to Buy

Booking (NASDAQ:BKNG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other research analysts have also recently issued reports about the company. B. Riley boosted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler upped their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. DA Davidson upped their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Truist Financial upped their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday. Finally, Bank of America upped their price objective on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Price Performance

Shares of Booking stock opened at $4,943.27 on Friday. The stock has a market cap of $163.62 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.56 and a beta of 1.38. The stock’s 50 day simple moving average is $4,240.54 and its 200-day simple moving average is $3,931.94. Booking has a 1-year low of $2,998.52 and a 1-year high of $5,060.50.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the 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 owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Several hedge funds have recently made changes to their positions in BKNG. CreativeOne Wealth LLC purchased a new position in Booking during the first quarter worth about $537,000. BDF Gestion purchased a new position in Booking during the second quarter worth about $6,897,000. Gamco Investors INC. ET AL purchased a new position in Booking during the first quarter worth about $519,000. CWM LLC raised its holdings in Booking by 11.8% during the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in Booking by 16,668.9% during the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 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.