UBS Group Raises Booking (NASDAQ:BKNG) Price Target to $5,960.00

Booking (NASDAQ:BKNG) had its price target raised by research analysts at UBS Group from $5,560.00 to $5,960.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would suggest a potential upside of 17.92% from the stock’s current price.

Several other brokerages also recently commented on BKNG. DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler reissued a “neutral” rating and issued a $5,120.00 price target (up from $4,900.00) on shares of Booking in a report on Friday. Truist Financial raised their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Cantor Fitzgerald raised their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Robert W. Baird initiated coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Up 0.7 %

BKNG traded up $35.98 on Friday, hitting $5,054.21. The company’s stock had a trading volume of 389,954 shares, compared to its average volume of 261,747. The company’s 50 day simple moving average is $4,908.11 and its 200-day simple moving average is $4,540.81. The firm has a market cap of $167.29 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. Equities analysts predict that Booking will post 181.63 earnings per share for the current fiscal year.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC boosted its position in shares of Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after purchasing an additional 864,406 shares during the period. Geode Capital Management LLC boosted its position in shares of Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the period. Janus Henderson Group PLC boosted its position in shares of Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after purchasing an additional 2,321 shares during the period. Fisher Asset Management LLC boosted its position in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the period. Finally, Norges Bank bought a new position in shares of Booking during the fourth quarter worth $1,958,352,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.