Booking (NASDAQ:BKNG) PT Raised to $2,300.00 at Morgan Stanley

Booking (NASDAQ:BKNGGet Rating) had its target price increased by research analysts at Morgan Stanley from $2,150.00 to $2,300.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 0.67% from the stock’s previous close.

Several other research firms have also weighed in on BKNG. JPMorgan Chase & Co. upped their target price on shares of Booking from $2,300.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. TheStreet raised shares of Booking from a “c+” rating to a “b-” rating in a report on Monday, December 12th. Truist Financial lowered their target price on shares of Booking from $2,600.00 to $2,500.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking to $2,370.00 and gave the stock a “buy” rating in a report on Thursday, November 3rd. Finally, Wells Fargo & Company upped their target price on shares of Booking from $2,050.00 to $2,400.00 and gave the stock an “equal weight” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,434.46.

Booking Trading Up 0.8 %

Shares of BKNG stock opened at $2,315.40 on Wednesday. Booking has a 52-week low of $1,616.85 and a 52-week high of $2,715.66. The stock has a market cap of $89.81 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 1.16 and a beta of 1.26. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a fifty day moving average of $2,053.74 and a 200-day moving average of $1,920.29.

Booking (NASDAQ:BKNGGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $49.40 by $3.63. Booking had a net margin of 15.23% and a return on equity of 81.11%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the prior year, the company posted $37.70 EPS. The business’s revenue was up 28.8% on a year-over-year basis. On average, equities research analysts forecast that Booking will post 95.72 earnings per share for the current fiscal year.

Insider Activity at Booking

In related news, CFO David I. Goulden sold 550 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $2,297.91, for a total value of $1,263,850.50. Following the sale, the chief financial officer now directly owns 4,969 shares in the company, valued at approximately $11,418,314.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $2,320.41, for a total transaction of $3,248,574.00. Following the sale, the chief executive officer now directly owns 43,804 shares in the company, valued at approximately $101,643,239.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,297.91, for a total transaction of $1,263,850.50. Following the sale, the chief financial officer now owns 4,969 shares in the company, valued at $11,418,314.79. The disclosure for this sale can be found here. Insiders have sold 2,120 shares of company stock worth $4,893,155 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Booking

Several hedge funds have recently bought and sold shares of BKNG. Mirae Asset Global Investments Co. Ltd. raised its holdings in Booking by 37.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,317 shares of the business services provider’s stock worth $151,044,000 after buying an additional 17,432 shares during the period. Cetera Investment Advisers grew its stake in shares of Booking by 18.8% during the 1st quarter. Cetera Investment Advisers now owns 613 shares of the business services provider’s stock worth $1,440,000 after acquiring an additional 97 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Booking during the 1st quarter worth approximately $387,000. Baird Financial Group Inc. grew its stake in shares of Booking by 2.0% during the 1st quarter. Baird Financial Group Inc. now owns 4,585 shares of the business services provider’s stock worth $10,767,000 after acquiring an additional 88 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Booking by 7.5% during the 1st quarter. Merit Financial Group LLC now owns 172 shares of the business services provider’s stock worth $404,000 after acquiring an additional 12 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Booking Company Profile

(Get Rating)

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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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