JMP Securities Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its price objective boosted by investment analysts at JMP Securities from $5,000.00 to $5,400.00 in a report issued on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the business services provider’s stock. JMP Securities’ price target points to a potential upside of 13.71% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Benchmark reissued a “buy” rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Morgan Stanley lifted their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. 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. Finally, Wedbush upped their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4,680.18.

Booking Price Performance

NASDAQ BKNG opened at $4,749.11 on Friday. The stock has a market capitalization of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. The business’s fifty day moving average is $4,136.96 and its 200-day moving average is $3,883.88. Booking has a one year low of $2,756.39 and a one year high of $4,856.60.

Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Research analysts expect that Booking will post 177.79 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Booking

Institutional investors and hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC bought a new position in shares of Booking during the first quarter valued at about $537,000. BDF Gestion purchased a new stake in Booking during the 2nd quarter valued at about $6,897,000. Gamco Investors INC. ET AL bought a new position in Booking during the 1st quarter worth approximately $519,000. CWM LLC increased its stake in Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares during the period. Finally, Claro Advisors LLC lifted its position in Booking by 16,668.9% in the third quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

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.