BMO Capital Markets Boosts Booking (NASDAQ:BKNG) Price Target to $5,700.00

Booking (NASDAQ:BKNG) had its target price increased by stock analysts at BMO Capital Markets from $5,000.00 to $5,700.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 11.73% from the company’s current price.

Several other brokerages also recently commented on BKNG. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. JMP Securities dropped their price objective on Booking from $6,100.00 to $5,600.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 9th. Benchmark upped their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group dropped their price target on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Booking from $5,750.00 to $4,850.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5,262.41.

Booking Stock Up 0.0 %

Shares of NASDAQ:BKNG opened at $5,101.43 on Wednesday. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock’s 50 day moving average is $4,649.29 and its 200-day moving average is $4,812.32. The firm has a market capitalization of $166.52 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.71 and a beta of 1.37.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $20.39 earnings per share. Equities research analysts anticipate that Booking will post 209.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the fourth quarter worth $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth about $25,000. Summit Securities Group LLC purchased a new position in Booking during the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new position in Booking during the 4th quarter valued at about $30,000. Finally, Valley National Advisers Inc. increased its position in shares of Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Company Profile

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.