Booking (NASDAQ:BKNG) Earns Market Perform Rating from Citizens Jmp

Booking (NASDAQ:BKNG)‘s stock had its “market perform” rating restated by analysts at Citizens Jmp in a research note issued on Wednesday.

Several other analysts have also recently commented on BKNG. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Tuesday, December 23rd. Mizuho raised Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective for the company in a research report on Wednesday. Jefferies Financial Group dropped their target price on Booking from $5,800.00 to $5,600.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. B. Riley raised their price target on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $6,325.00 price target on Booking in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,199.69.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,644.64 on Wednesday. The company has a 50-day simple moving average of $5,227.35 and a 200-day simple moving average of $5,301.92. The company has a market cap of $149.70 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Insiders Place Their Bets

In other news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $5,191.15, for a total transaction of $77,867.25. Following the completion of the sale, the director owned 687 shares in the company, valued at approximately $3,566,320.05. The trade was a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 953 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the sale, the chief executive officer directly owned 19,615 shares of the company’s stock, valued at approximately $101,631,984.10. This trade represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,364 shares of company stock worth $17,394,538 over the last three months. 0.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Booking

Several institutional investors have recently bought and sold shares of BKNG. Pure Financial Advisors LLC raised its stake in shares of Booking by 7.6% in the 4th quarter. Pure Financial Advisors LLC now owns 183 shares of the business services provider’s stock valued at $982,000 after acquiring an additional 13 shares during the period. Income Insurance Ltd acquired a new stake in Booking in the 4th quarter valued at $519,000. D Orazio & Associates Inc. raised its position in Booking by 4.0% in the fourth quarter. D Orazio & Associates Inc. now owns 104 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 4 shares during the period. Advisor OS LLC lifted its stake in shares of Booking by 33.0% during the fourth quarter. Advisor OS LLC now owns 121 shares of the business services provider’s stock worth $648,000 after purchasing an additional 30 shares in the last quarter. Finally, Midwest Trust Co boosted its position in shares of Booking by 1.1% in the fourth quarter. Midwest Trust Co now owns 8,658 shares of the business services provider’s stock worth $46,366,000 after buying an additional 97 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.