Booking (NASDAQ:BKNG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Booking (NASDAQ:BKNG) had its price target lifted by analysts at BMO Capital Markets from $5,000.00 to $5,700.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 11.73% from the company’s current price.

Several other equities analysts have also issued reports on BKNG. Piper Sandler decreased their price target on Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company lowered their target price on Booking from $5,248.00 to $4,567.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Benchmark raised their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Erste Group Bank lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5,262.41.

Booking Stock Up 0.0 %

BKNG opened at $5,101.43 on Wednesday. The stock has a market capitalization of $166.52 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.71 and a beta of 1.37. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a 50-day simple moving average of $4,649.29 and a 200 day simple moving average of $4,812.32.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $20.39 EPS. Sell-side analysts anticipate that Booking will post 209.92 EPS for the current fiscal year.

Institutional Trading of Booking

A number of institutional investors have recently bought and sold shares of the company. Passumpsic Savings Bank boosted its position in shares of Booking by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider’s stock valued at $2,944,000 after purchasing an additional 18 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Booking by 268.5% during the 3rd quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider’s stock worth $10,147,000 after buying an additional 1,756 shares in the last quarter. World Investment Advisors LLC grew its position in shares of Booking by 3,561.9% during the 3rd quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider’s stock worth $12,955,000 after buying an additional 2,992 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of Booking by 27.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider’s stock valued at $6,529,000 after acquiring an additional 335 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in shares of Booking by 404.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 459 shares of the business services provider’s stock valued at $1,933,000 after acquiring an additional 368 shares during the period. 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.