Needham & Company LLC Boosts Booking (BKNG) Price Target to $2,500.00

Booking (NASDAQ:BKNG) had its target price lifted by Needham & Company LLC from $2,000.00 to $2,500.00 in a report released on Thursday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

Several other analysts also recently commented on the stock. Argus upgraded shares of Booking from a hold rating to a buy rating and set a $2,520.00 price objective on the stock in a research report on Thursday, March 8th. Oppenheimer lifted their price target on shares of Booking from $2,275.00 to $2,100.00 and gave the company an outperform rating in a report on Thursday, March 1st. MKM Partners reiterated a neutral rating and issued a $2.00 price target on shares of Booking in a report on Wednesday, February 28th. Royal Bank of Canada lifted their price target on shares of Booking to $2,500.00 and gave the company an outperform rating in a report on Wednesday, February 28th. Finally, Wells Fargo reiterated a market perform rating and issued a $1,975.00 price target (up from $1,850.00) on shares of Booking in a report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $2,047.23.

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Shares of Booking (NASDAQ BKNG) opened at $2,171.49 on Thursday. The company has a market cap of $104,859.09, a price-to-earnings ratio of 46.68, a PEG ratio of 1.43 and a beta of 1.27. Booking has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.58 and a current ratio of 2.58.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $16.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $14.12 by $2.74. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.70 billion. Booking had a net margin of 18.46% and a return on equity of 21.12%. analysts anticipate that Booking will post 87.13 earnings per share for the current fiscal year.

In other news, VP Peter J. Millones sold 3,629 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $2,186.98, for a total value of $7,936,550.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $2,190.01, for a total transaction of $646,052.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,419 shares of company stock worth $9,550,806. Insiders own 0.24% of the company’s stock.

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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.

Analyst Recommendations for Booking (NASDAQ:BKNG)

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