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.
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.
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.
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