Booking Holdings Inc. (NASDAQ:BKNG) Receives Average Recommendation of “Moderate Buy” from Analysts

Booking Holdings Inc. (NASDAQ:BKNG) has earned a consensus rating of “Moderate Buy” from the thirty-two research firms that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5,044.43.

BKNG has been the subject of a number of research analyst reports. DA Davidson lifted their price objective 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. B. Riley boosted their price target on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group lifted their target price on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price objective on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th.

Booking Stock Down 0.8 %

BKNG stock opened at $4,737.56 on Monday. The firm has a market cap of $156.81 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business’s fifty day simple moving average is $5,000.97 and its two-hundred day simple moving average is $4,426.92.

Hedge Funds Weigh In On Booking

A number of institutional investors have recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at about $25,000. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the 3rd quarter valued at about $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the third quarter worth about $29,000. Finally, Valley National Advisers Inc. grew its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.