Booking (NASDAQ:BKNG – Get Free Report) had its price objective boosted by equities research analysts at Oppenheimer from $5,000.00 to $5,500.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 17.82% from the stock’s current price.
Several other analysts also recently weighed in on the company. Tigress Financial lifted their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America lifted their price target on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,464.29.
Get Our Latest Analysis on Booking
Booking Trading Up 4.6 %
Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, topping the consensus estimate of $77.94 by $5.95. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.63 billion. Sell-side analysts forecast that Booking will post 177.29 EPS for the current year.
Insider Buying and Selling
In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Resource Council acquired a new position in Booking during the 3rd quarter worth about $345,000. Consilium Wealth Advisory LLC lifted its stake in shares of Booking by 8.0% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 95 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 7 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Booking by 21.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 144 shares of the business services provider’s stock valued at $607,000 after purchasing an additional 25 shares during the period. Maia Wealth LLC lifted its stake in shares of Booking by 16.6% in the 3rd quarter. Maia Wealth LLC now owns 877 shares of the business services provider’s stock valued at $3,803,000 after purchasing an additional 125 shares during the period. Finally, Radnor Capital Management LLC lifted its stake in shares of Booking by 1.0% in the 3rd quarter. Radnor Capital Management LLC now owns 519 shares of the business services provider’s stock valued at $2,186,000 after purchasing an additional 5 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
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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