Booking (NASDAQ:BKNG – Get Free Report) had its price target upped by stock analysts at Truist Financial from $4,720.00 to $5,630.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential downside of 0.80% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. B. Riley lifted their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Erste Group Bank cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. BTIG Research raised shares of Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 target price for the company in a report on Friday, April 4th. Finally, Bank of America lifted their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a “neutral” rating in a report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,449.44.
Check Out Our Latest Stock Analysis on BKNG
Booking Price Performance
Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period last year, the company posted $20.39 EPS. Booking’s revenue was up 7.9% on a year-over-year basis. Research analysts expect that Booking will post 209.92 earnings per share for the current fiscal year.
Insider Buying and Selling at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5,356.07, for a total value of $5,425,698.91. Following the completion of the transaction, the chief executive officer directly owned 27,646 shares in the company, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Booking
A number of hedge funds have recently modified their holdings of BKNG. LeConte Wealth Management LLC purchased a new position in shares of Booking in the second quarter worth $220,000. Regatta Capital Group LLC lifted its holdings in shares of Booking by 1.1% in the second quarter. Regatta Capital Group LLC now owns 767 shares of the business services provider’s stock worth $4,439,000 after buying an additional 8 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Booking by 6.8% in the second quarter. TD Private Client Wealth LLC now owns 393 shares of the business services provider’s stock worth $2,275,000 after buying an additional 25 shares in the last quarter. James J. Burns & Company LLC purchased a new position in shares of Booking in the second quarter worth $215,000. Finally, Ballentine Partners LLC lifted its holdings in shares of Booking by 0.4% in the second quarter. Ballentine Partners LLC now owns 488 shares of the business services provider’s stock worth $2,825,000 after buying an additional 2 shares in the last quarter. 92.42% of the stock is currently 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.
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