Booking (NASDAQ:BKNG) Upgraded by Baird R W to “Strong-Buy” Rating

Booking (NASDAQ:BKNG) was upgraded by equities researchers at Baird R W to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other analysts also recently commented on BKNG. JMP Securities lifted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Bank of America lifted their target price on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial lifted their target price on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Wedbush lifted their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4,820.50.

Booking Stock Performance

Shares of BKNG stock opened at $5,223.15 on Wednesday. The company has a market capitalization of $172.89 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.59 and a beta of 1.38. The company has a 50-day simple moving average of $4,552.59 and a 200 day simple moving average of $4,071.32. Booking has a 52 week low of $3,079.50 and a 52 week high of $5,237.00.

Hedge Funds Weigh In On Booking

A number of institutional investors have recently added to or reduced their stakes in BKNG. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares during the last quarter. BDF Gestion bought a new stake in Booking during the 2nd quarter worth approximately $6,897,000. Cumberland Partners Ltd grew its holdings in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after acquiring an additional 100 shares during the last quarter. CWM LLC grew its holdings in Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after acquiring an additional 277 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its holdings in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.