Reservation (NASDAQ: BKNG) overweight upgrade at JPMorgan Chase & Co.


Reservation (NASDAQ: BKNG) was enhanced by equity research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report published on Wednesday, Fly reports. The company currently has a price target of $ 2,690.00 on shares of the business services provider, up from its previous price target of $ 2,620.00. JPMorgan Chase & Co.The target stock price suggests a potential rise of 26.59% from the stock’s previous close.

Several other stock analysts also weighed on the title. Morgan Stanley raised its price target on Booking’s shares from $ 2,550.00 to $ 2,650.00 and gave the company an “equal weight” rating in a research report released on Thursday, November 4. Truist Securities raised its price target for Booking’s shares from $ 2,700.00 to $ 3,100.00 and gave the company a “buy” rating in a research report released Thursday, November 4. Jefferies Financial Group raised its price target on Booking’s stock from $ 2,850.00 to $ 2,900.00 and gave the company a “buy” rating in a research report on Thursday, November 4. Royal Bank of Canada raised its price target on Booking’s shares from $ 2,400.00 to $ 2,700.00 and gave the company a “sector performance” rating in a research report released on Thursday 4 November. Finally, Cowen raised his price target on Booking’s stock from $ 2,700.00 to $ 2,950.00 and gave the company an “outperformance” rating in a research report on Tuesday, October 12. Twelve investment analysts rated the stock with a conservation rating and sixteen gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $ 2,745.50.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million of Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the symbol “KSCP.”

BKNG stock opened at $ 2,124.93 on Wednesday. The company has a debt to equity ratio of 1.93, a quick ratio of 2.48, and a current ratio of 2.48. The stock has a market cap of $ 87.26 billion, a P / E ratio of 231.98, a P / E / G ratio of 3.13 and a beta of 1.22. The company has a 50-day simple moving average of $ 2,376.74 and a 200-day simple moving average of $ 2,300.96. The reservation has a 52 week minimum of $ 1,860.73 and a 52 week maximum of $ 2,687.29.

Booking (NASDAQ: BKNG) last released its quarterly results on Tuesday, November 2. The business services provider reported EPS of $ 37.70 for the quarter, beating the consensus estimate of $ 31.56 by $ 6.14. The company posted revenue of $ 4.68 billion in the quarter, compared to $ 4.16 billion expected by analysts. Booking has a net margin of 4.15% and a return on equity of 24.32%. During the same period last year, the company posted earnings per share of $ 12.27. Sell-side analysts predict that Booking will post 42.09 EPS for the current year.

In other Booking news, CFO David I. Goulden sold 183 Booking shares in a trade on Monday, November 15. The shares were sold at an average price of $ 2,455.00, for a total trade of $ 449,265.00. The transaction was disclosed in a file with the SEC, which can be accessed through this link. Additionally, CEO Glenn D. Fogel sold 750 Booking shares in a trade on Friday, October 15. The stock was sold for an average price of $ 2,530.33, for a total trade of $ 1,897,747.50. Disclosure of this sale can be found here. Insiders sold 1,866 shares of the company valued at $ 4,623,855 during the last quarter. Company insiders own 0.24% of the company’s shares.

A number of institutional investors and hedge funds have recently bought and sold shares in the company. Checchi Capital Advisers LLC increased its stake in Booking shares by 1.2% in the 3rd quarter. Checchi Capital Advisers LLC now owns 334 shares of the business services provider valued at $ 793,000 after buying 4 more shares in the last quarter. Boston Private Wealth LLC increased its stake in Booking shares by 0.6% in the 3rd quarter. Boston Private Wealth LLC now owns 704 shares of the business services provider valued at $ 1,671,000 after purchasing 4 more shares in the last quarter. Whittier Trust Co. increased its stake in Booking shares by 2.0% in the second quarter. Whittier Trust Co. now owns 259 shares of the business services provider valued at $ 566,000 after purchasing 5 more shares in the last quarter. First Horizon Advisors Inc. increased its stake in Booking shares by 2.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 258 shares of the business services provider valued at $ 564,000 after purchasing 5 more shares in the last quarter. Finally, Linscomb & Williams Inc. increased its stake in Booking shares by 0.5% in the 2nd quarter. Linscomb & Williams Inc. now owns 1,051 shares of the business services provider valued at $ 2,300,000 after purchasing 5 additional shares in 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.

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Analyst recommendations for reservation (NASDAQ: BKNG)

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