Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Wedbush

Booking (NASDAQ:BKNG) had its price target lifted by equities researchers at Wedbush from $5,000.00 to $5,500.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Wedbush’s price objective would suggest a potential upside of 12.29% from the stock’s previous close.

A number of other brokerages have also commented on BKNG. Royal Bank of Canada boosted their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Susquehanna lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Bank of America increased their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler upped their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4,972.75.

Booking Stock Down 0.1 %

BKNG stock traded down $5.91 during midday trading on Monday, reaching $4,897.94. 88,219 shares of the company’s stock traded hands, compared to its average volume of 128,500. The company has a market cap of $162.11 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.11 and a beta of 1.41. The company has a 50-day simple moving average of $5,029.52 and a two-hundred day simple moving average of $4,322.82. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Institutional Trading of Booking

Institutional investors have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC purchased a new stake in Booking during the third quarter valued at approximately $29,000. Addison Advisors LLC lifted its stake in shares of Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Booking during the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. raised its holdings in Booking by 66.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.