JMP Securities Increases Reserve Price Target (NASDAQ: BKNG) to $ 2,900.00
Reservation (NASDAQ: BKNG) saw its price target raised by stock researchers at JMP Securities from $ 2,650.00 to $ 2,900.00 in a report released Thursday, Fly reports. The company currently has an “outperformance” rating on the shares of the business service provider. JMP Securities’ price target points to a potential rise of 19.08% from the current share price.
Several other brokerages have also recently published reports on BKNG. The Goldman Sachs group assumed coverage of Booking’s actions in a research report on Monday, September 13. They set a “neutral” rating and a price target of $ 2,230.00 for the company. Credit Suisse Group raised its price target for Booking shares from $ 2,675.00 to $ 3,100.00 and gave the company an “outperformance” rating in a report released on Thursday August 5th. Stifel Nicolaus raised his price target on Booking’s stock from $ 2,400.00 to $ 2,450.00 and gave the company a “conservation” rating in a research report on Thursday, August 5. Piper Sandler reiterated a “neutral” rating and issued a target price of $ 2,750.00 (up from $ 2,375 previously) on Booking shares in a research note Thursday. Finally, Cowen raised its price target on Booking’s stock from $ 2,700.00 to $ 2,950.00 and gave the company an “outperformance” rating in a report released on Tuesday, October 12. An equity research analyst rated the stock with a sell rating, thirteen assigned a conservation rating, and twelve assigned a buy rating to the company. According to MarketBeat, the company has an average “Hold” rating and a consensus target price of $ 2,514.85.
NASDAQ BKNG opened at $ 2,435.33 on Thursday. The stock has a market cap of $ 99.99 billion, a P / E ratio of 242.32, a PEG ratio of 3.55 and a beta of 1.19. The Company’s 50-day simple moving average is $ 2,397.37 and its 200-day simple moving average is $ 2,305.32. The reservation has a twelve month minimum of $ 1,674.80 and a twelve month maximum of $ 2,540.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt ratio of 2.25.
Booking (NASDAQ: BKNG) last released its quarterly earnings data on Wednesday, November 3. The business services provider reported earnings per share of $ 37.70 for the quarter, beating Thomson Reuters consensus estimate of $ 31.57 by $ 6.13. Booking has a net margin of 5.77% and a return on equity of 3.32%. In the same quarter of the previous year, the company made EPS of $ 12.27. Research analysts predict that Booking will post 41.87 earnings per share for the current year.
Meanwhile, CFO David I. Goulden sold 183 shares of the company in a transaction dated Friday, October 15. The stock was sold at an average price of $ 2,520.00, for a total trade of $ 461,160.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. Also, CEO Glenn D. Fogel sold 750 shares of the company in a transaction dated Friday, October 15. The shares were sold for an average price of $ 2,530.33, for a total value of $ 1,897,747.50. Disclosure of this sale can be found here. 0.24% of the shares are held by insiders.
Large investors have recently changed their positions in the company. AKO Capital LLP increased its stake in Booking shares by 57.4% during the 3rd quarter. AKO Capital LLP now owns 383,420 shares of the business service provider valued at $ 910,189,000 after purchasing an additional 139,771 shares during the period. Vontobel Asset Management Inc. increased its stake in Booking by 76.8% in the second quarter. Vontobel Asset Management Inc. now owns 226,564 shares of the business service provider valued at $ 510,190,000 after acquiring an additional 98,441 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new position in Booking in the second quarter, valued at approximately $ 108,855,659,000. B. Metzler seel. Sohn & Co. Holding AG increased its stake in Booking by 1,657.7% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 53,698 shares of the business services provider valued at $ 117,537,000 after acquiring an additional 50,643 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Booking shares by 86.0% during the second quarter. CIBC Private Client Group LLC now owns 102,665 shares of the business services provider valued at $ 224,642,000 after purchasing an additional 47,479 shares during the last quarter. Hedge funds and other institutional investors hold 89.35% of the company’s shares.
About the reservation
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant booking and related services. The Company, through its online travel agencies (OTC), connects consumers wishing to make travel reservations with travel service providers around the world. It offers consumers a range of accommodation bookings (including hotels, B & Bs, inns, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.
See also: Special Purpose Acquisition Company (SPAC)
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