Jefferies Financial Group Cuts Booking (NASDAQ:BKNG) Price Target to $5,600.00

Booking (NASDAQ:BKNG) had its price target reduced by Jefferies Financial Group from $5,800.00 to $5,600.00 in a report published on Friday,MarketScreener reports. They currently have a hold rating on the business services provider’s stock.

Several other research analysts also recently weighed in on the company. Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday, October 29th. Bank of America upgraded shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective on the stock in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Sunday, January 4th. Rothschild & Co Redburn raised their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Truist Financial set a $5,810.00 price target on shares of Booking in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,209.94.

Booking Price Performance

Shares of Booking stock opened at $5,098.50 on Friday. The firm’s fifty day simple moving average is $5,191.00 and its 200-day simple moving average is $5,334.97. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market capitalization of $164.32 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.11 and a beta of 1.23.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. Booking’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $83.39 EPS. Analysts anticipate that Booking will post 209.92 earnings per share for the current year.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the sale, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $5,362.00, for a total transaction of $80,430.00. Following the transaction, the director owned 702 shares of the company’s stock, valued at $3,764,124. This trade represents a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,324 shares of company stock worth $17,190,323. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

Hedge funds have recently bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp acquired a new position in Booking in the 3rd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after buying an additional 3 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Booking in the third quarter valued at approximately $27,000. Daytona Street Capital LLC purchased a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Finally, Legacy Bridge LLC acquired a new stake in Booking during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.