Booking (BKNG) Downgraded by Jefferies Financial Group

Share on StockTwits

Jefferies Financial Group cut shares of Booking (NASDAQ:BKNG) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat Ratings reports. Jefferies Financial Group also issued estimates for Booking’s FY2019 earnings at $99.31 EPS.

A number of other equities research analysts have also commented on BKNG. Barclays raised their price objective on Booking to $2,270.00 in a research report on Thursday, September 27th. They noted that the move was a valuation call. Evercore ISI initiated coverage on Booking in a research report on Monday, October 15th. They set an in-line rating and a $1,930.00 price objective for the company. Cowen set a $2,200.00 price objective on Booking and gave the stock a buy rating in a research report on Monday, October 22nd. Royal Bank of Canada lifted their price target on Booking to $2,425.00 and gave the company an outperform rating in a report on Tuesday, November 6th. Finally, Bank of America lifted their price target on Booking from $2,150.00 to $2,300.00 and gave the company a buy rating in a report on Tuesday, November 6th. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $2,145.76.

NASDAQ BKNG traded down $11.44 during trading on Wednesday, reaching $1,665.89. 327,009 shares of the company’s stock were exchanged, compared to its average volume of 482,338. Booking has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,228.99. The firm has a market capitalization of $76.42 billion, a PE ratio of 21.63, a PEG ratio of 1.20 and a beta of 1.16. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.99.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the business posted $34.43 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Booking will post 89.6 EPS for the current year.

In related news, CEO Gillian Tans sold 294 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $1,796.66, for a total value of $528,218.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 882 shares of company stock valued at $1,608,773. Corporate insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investment House LLC increased its position in Booking by 1.2% in the 3rd quarter. Investment House LLC now owns 5,396 shares of the business services provider’s stock worth $10,706,000 after buying an additional 64 shares during the period. Watch Point Trust Co increased its position in Booking by 10.6% in the 3rd quarter. Watch Point Trust Co now owns 1,594 shares of the business services provider’s stock worth $3,162,000 after buying an additional 153 shares during the period. Davy Asset Management Ltd bought a new position in Booking in the 2nd quarter worth approximately $3,201,000. Marathon Asset Management LLP increased its position in Booking by 3.8% in the 3rd quarter. Marathon Asset Management LLP now owns 63,261 shares of the business services provider’s stock worth $125,524,000 after buying an additional 2,330 shares during the period. Finally, Andra AP fonden increased its position in Booking by 57.1% in the 2nd quarter. Andra AP fonden now owns 1,100 shares of the business services provider’s stock worth $2,230,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 91.91% 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.

See Also: 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

Storm  One Day Volume Hits $2.09 Million
Storm One Day Volume Hits $2.09 Million
Brokerages Set Bellatrix Exploration Ltd  PT at $0.38
Brokerages Set Bellatrix Exploration Ltd PT at $0.38
Lamar Advertising Co  Given Average Rating of “Hold” by Analysts
Lamar Advertising Co Given Average Rating of “Hold” by Analysts
TENA  Reaches 24-Hour Volume of $10,383.00
TENA Reaches 24-Hour Volume of $10,383.00
OX Fina Reaches Market Cap of $0.00
OX Fina Reaches Market Cap of $0.00
Perceptron, Inc.  Receives Consensus Rating of “Strong Buy” from Analysts
Perceptron, Inc. Receives Consensus Rating of “Strong Buy” from Analysts


Leave a Reply

© 2006-2019 Ticker Report