StockNews.com Upgrades Booking (NASDAQ:BKNG) to Buy

Booking (NASDAQ:BKNG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

BKNG has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Piper Sandler restated a “neutral” rating and issued a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Robert W. Baird initiated coverage on Booking in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price target for the company. DA Davidson upped their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Up 0.4 %

Booking stock opened at $4,917.46 on Tuesday. The business has a 50-day simple moving average of $4,887.85 and a two-hundred day simple moving average of $4,642.68. The company has a market cap of $161.37 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.71 and a beta of 1.39. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly 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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Research analysts anticipate that Booking will post 209.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of Booking in the 4th quarter valued at approximately $35,000. 92.42% of the stock is 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.