Wedbush Lowers Booking (NASDAQ:BKNG) Price Target to $5,500.00

Booking (NASDAQ:BKNG) had its price target reduced by equities researchers at Wedbush from $6,000.00 to $5,500.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Wedbush’s price target would indicate a potential upside of 23.78% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a research report on Monday, December 29th. Wells Fargo & Company upped their price target on shares of Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research report on Friday, January 9th. Gordon Haskett boosted their price objective on Booking from $5,620.00 to $5,710.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Cantor Fitzgerald lifted their target price on Booking from $5,550.00 to $5,830.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, BNP Paribas Exane set a $6,100.00 price target on shares of Booking in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $6,180.00.

Booking Trading Down 3.6%

NASDAQ BKNG opened at $4,443.42 on Friday. The firm has a market capitalization of $143.21 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The business’s 50-day moving average price is $5,211.89 and its two-hundred day moving average price is $5,291.13. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the 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 sale, the director owned 687 shares of the company’s stock, valued at approximately $3,566,320.05. This represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $5,105.36, for a total value of $204,214.40. Following the transaction, the director directly owned 840 shares of the company’s stock, valued at $4,288,502.40. The trade was a 4.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,124 shares of company stock worth $16,194,538. 0.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking in the 4th quarter worth approximately $209,000. Sivia Capital Partners LLC grew its position in Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after acquiring an additional 33 shares during the last quarter. Bouchey Financial Group Ltd bought a new stake in shares of Booking in the 2nd quarter worth approximately $208,000. Finally, Clearstead Trust LLC boosted its stake in shares of Booking by 13.3% in the 2nd quarter. Clearstead Trust LLC now owns 136 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 16 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Company Profile

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.