Booking (NASDAQ:BKNG) Stock Rating Upgraded by StockNews.com

Booking (NASDAQ:BKNG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently issued reports on the stock. Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday. Cantor Fitzgerald lowered their price target on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. B. Riley boosted their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird upped their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday. Ten 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5,262.41.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,101.43 on Wednesday. The stock has a market capitalization of $166.52 billion, a PE ratio of 29.48, a P/E/G ratio of 1.71 and a beta of 1.37. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The business’s fifty day moving average price is $4,649.29 and its 200-day moving average price is $4,812.32.

Booking (NASDAQ:BKNG) last issued its 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 firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $20.39 earnings per share. As a group, equities analysts expect that Booking will post 209.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Booking

Institutional investors and hedge funds have recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new stake in Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in Booking during the 4th quarter valued at $30,000. Finally, Promus Capital LLC bought a new stake in Booking in the 4th quarter worth $35,000. 92.42% of the stock is currently owned by institutional investors.

Booking Company Profile

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.