Booking (NASDAQ:BKNG) Price Target Increased to $2,500.00 by Analysts at Piper Sandler

Booking (NASDAQ:BKNGGet Rating) had its price objective lifted by investment analysts at Piper Sandler from $2,440.00 to $2,500.00 in a report released on Thursday, The Fly reports. Piper Sandler’s price objective would suggest a potential upside of 15.36% from the company’s previous close.

Other analysts have also issued research reports about the stock. Evercore ISI raised their price objective on shares of Booking from $2,900.00 to $3,000.00 in a report on Thursday. Gordon Haskett raised shares of Booking from a “hold” rating to a “buy” rating in a report on Thursday, February 24th. Loop Capital decreased their price target on shares of Booking from $2,290.00 to $2,171.00 and set a “hold” rating on the stock in a research note on Thursday, February 24th. Susquehanna decreased their price target on shares of Booking from $3,100.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Friday, February 25th. Finally, Tigress Financial raised their price objective on shares of Booking from $3,150.00 to $3,210.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 19th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Booking presently has a consensus rating of “Buy” and an average target price of $2,785.28.

NASDAQ:BKNG traded up $63.82 during mid-day trading on Thursday, hitting $2,167.15. The company’s stock had a trading volume of 45,297 shares, compared to its average volume of 357,394. Booking has a fifty-two week low of $1,796.45 and a fifty-two week high of $2,715.66. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $88.33 billion, a price-to-earnings ratio of 77.01, a P/E/G ratio of 1.30 and a beta of 1.18. The stock has a fifty day moving average of $2,183.97 and a 200-day moving average of $2,324.88.

Booking (NASDAQ:BKNGGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The business services provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $4.82. Booking had a net margin of 10.63% and a return on equity of 35.57%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the business posted ($5.26) earnings per share. The company’s quarterly revenue was up 136.6% compared to the same quarter last year. On average, equities analysts anticipate that Booking will post 88.29 earnings per share for the current fiscal year.

In other Booking news, CFO David I. Goulden sold 183 shares of the stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $2,210.00, for a total value of $404,430.00. Following the sale, the chief financial officer now owns 6,569 shares of the company’s stock, valued at approximately $14,517,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $2,199.81, for a total value of $1,649,857.50. Following the sale, the chief executive officer now directly owns 49,265 shares in the company, valued at approximately $108,373,639.65. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in BKNG. Resources Investment Advisors LLC. purchased a new position in Booking during the 3rd quarter worth approximately $207,000. Moors & Cabot Inc. grew its stake in Booking by 16,230.2% during the 3rd quarter. Moors & Cabot Inc. now owns 40,009 shares of the business services provider’s stock worth $496,000 after buying an additional 39,764 shares during the last quarter. EagleClaw Capital Managment LLC grew its stake in Booking by 3.1% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 2,342 shares of the business services provider’s stock worth $5,565,000 after buying an additional 70 shares during the last quarter. MUFG Americas Holdings Corp grew its stake in Booking by 1,600.0% during the 3rd quarter. MUFG Americas Holdings Corp now owns 34 shares of the business services provider’s stock worth $81,000 after buying an additional 32 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Booking by 2.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 305 shares of the business services provider’s stock valued at $724,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

About Booking (Get Rating)

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.

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