Booking (NASDAQ:BKNG) Price Target Raised to $5,800.00 at Citigroup

Booking (NASDAQ:BKNG) had its target price increased by Citigroup from $5,500.00 to $5,800.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other analysts have also issued reports on BKNG. Benchmark lifted their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Oppenheimer increased their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Mizuho lifted their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Nine 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Down 0.6 %

Shares of BKNG stock opened at $4,989.22 on Friday. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The business’s 50 day moving average is $4,903.34 and its two-hundred day moving average is $4,551.96. The company has a market capitalization of $165.14 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced 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. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. On average, research analysts predict that Booking will post 181.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

Hedge funds have recently modified their holdings of the business. Ascent Group LLC lifted its position in Booking by 19.9% in the fourth quarter. Ascent Group LLC now owns 193 shares of the business services provider’s stock valued at $959,000 after buying an additional 32 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Booking in the 4th quarter valued at approximately $229,000. Mackenzie Financial Corp lifted its holdings in shares of Booking by 24.1% in the 4th quarter. Mackenzie Financial Corp now owns 22,065 shares of the business services provider’s stock worth $109,628,000 after acquiring an additional 4,280 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Booking by 32.9% during the 4th quarter. Forum Financial Management LP now owns 101 shares of the business services provider’s stock worth $502,000 after purchasing an additional 25 shares during the period. Finally, Toronto Dominion Bank increased its holdings in Booking by 17.5% in the 4th quarter. Toronto Dominion Bank now owns 15,316 shares of the business services provider’s stock valued at $76,093,000 after purchasing an additional 2,276 shares during the last quarter. 92.42% of the stock is currently 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.