B. Riley Raises Booking (NASDAQ:BKNG) Price Target to $6,000.00

Booking (NASDAQ:BKNG) had its price target upped by B. Riley from $5,700.00 to $6,000.00 in a research note issued to investors on Friday morning,Benzinga reports. B. Riley currently has a buy rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Susquehanna lifted their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Tigress Financial lifted their price objective on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Baird R W upgraded Booking to a “strong-buy” rating in a report on Wednesday, November 27th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Mizuho boosted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 0.6 %

Booking stock opened at $4,989.22 on Friday. The business’s 50-day simple moving average is $4,903.34 and its 200 day simple moving average is $4,551.96. The stock has a market cap of $165.14 billion, a price-to-earnings ratio of 33.86, a P/E/G 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 earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, sell-side analysts expect that Booking will post 181.63 EPS for the current year.

Hedge Funds Weigh In On Booking

A number of large investors have recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC bought a new position in shares of Booking in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.