DA Davidson Increases Booking (NASDAQ:BKNG) Price Target to $4,150.00

Booking (NASDAQ:BKNG) had its target price increased by DA Davidson from $4,100.00 to $4,150.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. DA Davidson’s price target points to a potential upside of 16.01% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada raised their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. increased their price objective on Booking from $3,560.00 to $3,950.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Seaport Res Ptn reissued a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Barclays reduced their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Finally, Susquehanna boosted their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research report on Monday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,823.00.

Booking Trading Up 3.0 %

NASDAQ:BKNG opened at $3,577.38 on Friday. Booking has a 1 year low of $2,456.93 and a 1 year high of $3,918.00. The stock has a 50-day moving average price of $3,524.43 and a two-hundred day moving average price of $3,399.84. The stock has a market cap of $121.70 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.05 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. Booking’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.60 EPS. Sell-side analysts forecast that Booking will post 176.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the transaction, the director now owns 211 shares in the company, valued at $756,027.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the transaction, the director now directly owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold 5,483 shares of company stock worth $18,891,445 over the last three months. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Booking

Several institutional investors have recently made changes to their positions in BKNG. LPL Financial LLC grew its holdings in shares of Booking by 8.8% during the 3rd quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after purchasing an additional 1,236 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Booking by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in Booking by 3.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock valued at $57,635,000 after buying an additional 470 shares during the period. Boston Trust Walden Corp acquired a new position in shares of Booking in the 4th quarter valued at approximately $24,841,000. Finally, Advisor Resource Council raised its position in shares of Booking by 382.4% in the 4th quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock valued at $1,266,000 after buying an additional 283 shares in the last quarter. 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.