Piper Sandler Reaffirms Neutral Rating for Booking (NASDAQ:BKNG)

Piper Sandler reiterated their neutral rating on shares of Booking (NASDAQ:BKNG) in a research report released on Friday morning,Benzinga reports. They currently have a $5,120.00 price objective on the business services provider’s stock, up from their prior price objective of $4,900.00.

A number of other research firms also recently commented on BKNG. Barclays boosted their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research note on Friday. Tigress Financial lifted their target price on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Royal Bank of Canada increased their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Down 0.6 %

Shares of BKNG opened at $4,989.22 on Friday. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market capitalization of $165.14 billion, a PE ratio of 33.86, a P/E/G ratio of 1.77 and a beta of 1.39. The firm has a 50-day moving average price of $4,903.34 and a 200 day moving average price of $4,551.96.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. On average, equities analysts expect that Booking will post 181.63 EPS for the current year.

Institutional Investors Weigh In On Booking

A number of institutional investors have recently modified their holdings of BKNG. Mogy Joel R Investment Counsel Inc. grew its stake in shares of Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in Booking by 55.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB raised its holdings in Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after buying an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors and hedge funds 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.