Booking (NASDAQ:BKNG) Price Target Raised to $4,025.00 at JPMorgan Chase & Co.

Booking (NASDAQ:BKNG) had its price target upped by investment analysts at JPMorgan Chase & Co. from $3,950.00 to $4,025.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.51% from the stock’s current price.

BKNG has been the topic of several other reports. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Edward Jones restated a “hold” rating on shares of Booking in a research report on Friday, February 16th. Seaport Res Ptn restated a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Barclays decreased their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Finally, Oppenheimer increased their price objective on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,823.00.

Booking Stock Performance

Shares of Booking stock opened at $3,577.38 on Friday. The company has a fifty day moving average of $3,524.43 and a 200 day moving average of $3,399.84. Booking has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The company has a market capitalization of $121.70 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 433.49%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the prior year, the firm earned $11.60 EPS. The business’s revenue was up 16.9% on a year-over-year basis. Analysts forecast that Booking will post 176.46 EPS for the current year.

Insider Activity

In other Booking news, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Booking news, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the sale, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now owns 233 shares of the company’s stock, valued at $815,101.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,483 shares of company stock worth $18,891,445. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in shares of Booking by 8.8% in the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock worth $47,188,000 after buying an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of Booking by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock worth $13,539,000 after buying an additional 25 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Booking by 3.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after buying an additional 470 shares during the last quarter. Boston Trust Walden Corp purchased a new position in shares of Booking in the fourth quarter worth $24,841,000. Finally, Advisor Resource Council raised its holdings in shares of Booking by 382.4% in the fourth quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock worth $1,266,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.