Booking (NASDAQ:BKNG) PT Raised to $4,300.00 at Jefferies Financial Group

Booking (NASDAQ:BKNG) had its price target hoisted by equities research analysts at Jefferies Financial Group from $4,200.00 to $4,300.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 0.30% from the stock’s current price.

BKNG has been the topic of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $3,900.00 price objective on shares of Booking in a research note on Monday, August 5th. Morgan Stanley lifted their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. B. Riley decreased their price target on shares of Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wedbush lifted their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays lifted their price target on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,164.11.

Booking Stock Down 1.5 %

Shares of NASDAQ BKNG opened at $4,313.01 on Tuesday. The firm’s 50-day moving average price is $4,029.83 and its two-hundred day moving average price is $3,838.71. Booking has a 52-week low of $2,733.04 and a 52-week high of $4,395.00. The stock has a market capitalization of $146.33 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $37.62 earnings per share. As a group, equities research analysts expect that Booking will post 177.05 earnings per share for the current year.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Booking

Several institutional investors and hedge funds have recently modified their holdings of BKNG. New Mexico Educational Retirement Board lifted its position in Booking by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock worth $8,518,000 after acquiring an additional 400 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Booking during the 1st quarter worth $537,000. BDF Gestion acquired a new position in Booking during the 2nd quarter worth $6,897,000. Gamco Investors INC. ET AL acquired a new position in Booking during the 1st quarter worth $519,000. Finally, Diversified Trust Co lifted its position in Booking by 41.9% during the 1st quarter. Diversified Trust Co now owns 1,084 shares of the business services provider’s stock worth $3,933,000 after acquiring an additional 320 shares during the last quarter. 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.