Booking’s (BKNG) Buy Rating Reiterated at Benchmark

Booking (NASDAQ:BKNG)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued on Tuesday, Benzinga reports. They currently have a $4,600.00 price target on the business services provider’s stock. Benchmark’s price objective would suggest a potential upside of 3.05% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Mizuho lifted their target price on shares of Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. DA Davidson dropped their price objective on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wedbush raised their target price on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial began coverage on Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $3,900.00 price target on shares of Booking in a report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

Booking Trading Up 0.8 %

Shares of BKNG stock opened at $4,463.93 on Tuesday. Booking has a 1-year low of $2,756.13 and a 1-year high of $4,477.88. The stock has a market cap of $149.63 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.44 and a beta of 1.40. The stock has a 50-day moving average of $4,100.42 and a 200-day moving average of $3,866.59.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $37.62 EPS. Sell-side analysts forecast that Booking will post 177.29 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

Institutional Trading of Booking

A number of large investors have recently added to or reduced their stakes in BKNG. CreativeOne Wealth LLC bought a new position in shares of Booking during the 1st quarter worth $537,000. BDF Gestion purchased a new position in shares of Booking in the second quarter worth about $6,897,000. Gamco Investors INC. ET AL bought a new stake in shares of Booking in the first quarter valued at approximately $519,000. CWM LLC lifted its stake in shares of Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock valued at $10,423,000 after buying an additional 277 shares in the last quarter. Finally, Claro Advisors LLC boosted its holdings in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after buying an additional 15,002 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.