Booking (NASDAQ:BKNG – Get Rating) had its target price upped by investment analysts at Deutsche Bank Aktiengesellschaft to $2,370.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 29.81% from the stock’s current price.
Several other equities research analysts also recently commented on the company. Credit Suisse Group cut their price objective on Booking from $2,650.00 to $2,600.00 and set an “outperform” rating for the company in a report on Thursday. Susquehanna cut their price objective on Booking from $2,900.00 to $2,800.00 and set a “positive” rating for the company in a report on Friday, August 5th. Evercore ISI cut their price target on Booking to $2,400.00 in a report on Tuesday, August 9th. Atlantic Securities cut their price target on Booking to $2,100.00 in a report on Tuesday, August 9th. Finally, Truist Financial cut their price target on Booking from $2,600.00 to $2,500.00 and set a “buy” rating for the company in a report on Friday, October 28th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,471.93.
Booking Stock Up 2.7 %
Shares of NASDAQ BKNG traded up $47.55 during trading hours on Thursday, hitting $1,825.73. The company had a trading volume of 742,266 shares, compared to its average volume of 427,472. The stock has a market capitalization of $72.49 billion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.25. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.22. Booking has a 1-year low of $1,616.85 and a 1-year high of $2,715.66. The firm’s 50 day moving average is $1,807.33 and its 200-day moving average is $1,946.58.
Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $53.03 EPS for the quarter, beating the consensus estimate of $49.55 by $3.48. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.92 billion. Booking had a return on equity of 62.69% and a net margin of 10.54%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $37.70 EPS. On average, analysts expect that Booking will post 92.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO David I. Goulden sold 300 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $2,102.00, for a total value of $630,600.00. Following the transaction, the chief financial officer now owns 5,969 shares in the company, valued at $12,546,838. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 41 shares of Booking stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $1,750.00, for a total value of $71,750.00. Following the transaction, the director now owns 834 shares in the company, valued at $1,459,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David I. Goulden sold 300 shares of Booking stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $2,102.00, for a total value of $630,600.00. Following the sale, the chief financial officer now directly owns 5,969 shares in the company, valued at $12,546,838. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,481 shares of company stock worth $3,075,563. Company insiders own 0.13% of the company’s stock.
Institutional Trading of Booking
A number of hedge funds have recently made changes to their positions in BKNG. Activest Wealth Management acquired a new stake in shares of Booking during the third quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in shares of Booking during the second quarter valued at about $26,000. Valley National Advisers Inc. boosted its stake in shares of Booking by 85.7% during the first quarter. Valley National Advisers Inc. now owns 13 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 6 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of Booking by 63.6% during the second quarter. MV Capital Management Inc. now owns 18 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 7 shares in the last quarter. Finally, Nvwm LLC boosted its stake in shares of Booking by 200.0% during the first quarter. Nvwm LLC now owns 15 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 10 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider Booking, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Booking wasn’t on the list.
While Booking currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Booking (NASDAQ:BKNG) Price Target Increased to $2,370.00 by Analysts at Deutsche Bank