Booking (NASDAQ:BKNG) Receives Neutral Rating from Piper Sandler

Piper Sandler reissued their neutral rating on shares of Booking (NASDAQ:BKNG) in a report published on Friday,Benzinga reports. The firm currently has a $5,120.00 target price on the business services provider’s stock, up from their prior target price of $4,900.00.

BKNG has been the subject of a number of other reports. Susquehanna raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays lifted their target price on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup increased their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, UBS Group lifted their price objective on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

Shares of BKNG 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 stock’s 50-day moving average is $4,903.34 and its two-hundred day moving average is $4,551.96. The stock has a market cap of $165.14 billion, a PE ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts anticipate that Booking will post 181.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in Booking during the 4th quarter valued at about $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the 4th quarter worth about $30,000. Finally, Valley National Advisers Inc. grew its position in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is currently owned by 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.