Booking Holdings Inc. (BKNG) Receives Average Recommendation of “Buy” from Brokerages

Share on StockTwits

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have been given an average rating of “Buy” by the thirty research firms that are presently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $2,137.54.

A number of research analysts have recently commented on BKNG shares. Benchmark cut Booking from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Booking in a research report on Tuesday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $2,200.00 price target (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Zacks Investment Research cut Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, Stifel Nicolaus cut Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th.

BKNG stock opened at $1,916.27 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.92 and a current ratio of 1.92. Booking has a 1-year low of $1,630.56 and a 1-year high of $2,228.99. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.49 and a beta of 1.27.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating analysts’ consensus estimates of $17.34 by $3.33. Booking had a return on equity of 24.74% and a net margin of 20.07%. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the prior year, the firm earned $24.39 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. research analysts predict that Booking will post 89.26 earnings per share for the current year.

In related news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $2,030.98, for a total transaction of $599,139.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortis Advisors LLC bought a new position in Booking in the 1st quarter worth about $104,000. MUFG Securities EMEA plc bought a new position in Booking in the 2nd quarter worth about $109,000. Harvest Fund Management Co. Ltd increased its stake in Booking by 86.7% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after acquiring an additional 26 shares during the last quarter. First Manhattan Co. increased its stake in Booking by 90.0% in the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after acquiring an additional 27 shares during the last quarter. Finally, First Personal Financial Services bought a new position in Booking in the 1st quarter worth about $119,000. Institutional investors and hedge funds own 93.04% 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.

Recommended Story: Short Selling

Analyst Recommendations for Booking (NASDAQ:BKNG)

Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Rockwell Automation  Expected to Post Quarterly Sales of $1.78 Billion
Rockwell Automation Expected to Post Quarterly Sales of $1.78 Billion
Booking Holdings Inc.  Receives Average Recommendation of “Buy” from Brokerages
Booking Holdings Inc. Receives Average Recommendation of “Buy” from Brokerages
GlycoMimetics  Downgraded to Strong Sell at BidaskClub
GlycoMimetics Downgraded to Strong Sell at BidaskClub
Intellia Therapeutics  Upgraded to “Buy” at BidaskClub
Intellia Therapeutics Upgraded to “Buy” at BidaskClub
Lamar Advertising  Upgraded by BidaskClub to Strong-Buy
Lamar Advertising Upgraded by BidaskClub to Strong-Buy
Analyzing NBT Bancorp  & California First National Bancorp
Analyzing NBT Bancorp & California First National Bancorp


Leave a Reply

© 2006-2018 Ticker Report. Google+.