Booking (NASDAQ:BKNG) Given New $2,785.00 Price Target at UBS Group

Booking (NASDAQ:BKNGGet Rating) had its target price increased by UBS Group from $2,200.00 to $2,785.00 in a report published on Tuesday, The Fly reports. UBS Group currently has a buy rating on the business services provider’s stock.

BKNG has been the topic of a number of other research reports. Truist Financial dropped their price target on Booking from $2,600.00 to $2,500.00 and set a buy rating on the stock in a research note on Friday, October 28th. TheStreet upgraded Booking from a c+ rating to a b- rating in a research report on Monday, December 12th. Credit Suisse Group decreased their price objective on Booking from $2,650.00 to $2,600.00 and set an outperform rating for the company in a research report on Thursday, November 3rd. StockNews.com lowered Booking from a buy rating to a hold rating in a research report on Friday, November 4th. Finally, Susquehanna decreased their price objective on Booking from $2,800.00 to $2,650.00 and set a positive rating for the company in a research report on Monday, November 7th. Nine equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $2,453.69.

Booking Trading Up 0.0 %

Shares of BKNG opened at $2,402.34 on Tuesday. The business’s 50-day moving average price is $2,076.77 and its 200 day moving average price is $1,935.26. The stock has a market capitalization of $93.18 billion, a P/E ratio of 39.45, a P/E/G ratio of 1.18 and a beta of 1.26. Booking has a 1-year low of $1,616.85 and a 1-year high of $2,715.66. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.36.

Booking (NASDAQ:BKNGGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share for the quarter, topping analysts’ consensus estimates of $49.40 by $3.63. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Booking had a return on equity of 81.11% and a net margin of 15.23%. Booking’s revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the business posted $37.70 EPS. Analysts expect that Booking will post 95.72 earnings per share for the current year.

Insiders Place Their Bets

In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the transaction, the director now directly owns 758 shares of the company’s stock, valued at approximately $1,490,864.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the transaction, the director now directly owns 758 shares of the company’s stock, valued at approximately $1,490,864.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David I. Goulden sold 550 shares of the business’s 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 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 a total of 2,120 shares of company stock valued at $4,893,155 in the last three months. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Booking

A number of institutional investors and hedge funds have recently modified their holdings of BKNG. Activest Wealth Management bought a new stake in shares of Booking during the third quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new stake in shares of Booking during the second quarter valued at approximately $26,000. MV Capital Management Inc. boosted its stake in Booking by 63.6% in the 2nd quarter. MV Capital Management Inc. now owns 18 shares of the business services provider’s stock valued at $31,000 after buying an additional 7 shares in the last quarter. St. James Investment Advisors LLC boosted its stake in Booking by 50.0% in the 3rd quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock valued at $35,000 after buying an additional 7 shares in the last quarter. Finally, CX Institutional acquired a new stake in Booking in the 2nd quarter valued at $40,000. 89.23% of the stock is currently owned by institutional investors.

About Booking

(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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