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

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Shares of Booking Holdings Inc. (NASDAQ:BKNG) have received a consensus recommendation of “Buy” from the twenty-eight ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2,144.74.

BKNG has been the topic of a number of research reports. Bank of America reiterated a “buy” rating and issued a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a research note on Tuesday, February 26th. Morgan Stanley lowered shares of Booking from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $2,100.00 to $2,050.00 in a research note on Wednesday, January 9th. Deutsche Bank upgraded shares of Booking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $2,150.00 to $2,370.00 in a research note on Tuesday, February 5th. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a research note on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, January 11th.

Shares of NASDAQ BKNG traded up $8.68 during midday trading on Friday, reaching $1,752.56. The company had a trading volume of 329,650 shares, compared to its average volume of 512,747. The stock has a market cap of $79.12 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.33 and a beta of 1.03. Booking has a 1 year low of $1,606.27 and a 1 year high of $2,207.57. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $19.39 by $3.10. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Booking had a net margin of 27.52% and a return on equity of 44.63%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $16.86 earnings per share. As a group, sell-side analysts forecast that Booking will post 101.74 earnings per share for the current year.

In other news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 294 shares of Booking stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $1,695.00, for a total transaction of $498,330.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 838 shares of company stock worth $1,455,298. 0.24% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Moody National Bank Trust Division acquired a new stake in shares of Booking in the fourth quarter valued at about $53,000. Next Capital Management LLC purchased a new position in shares of Booking in the fourth quarter worth about $64,000. Lake Point Wealth Management purchased a new position in shares of Booking in the fourth quarter worth about $64,000. Financial Gravity Companies Inc. purchased a new position in shares of Booking in the fourth quarter worth about $72,000. Finally, Athena Capital Advisors LLC purchased a new position in shares of Booking in the fourth quarter worth about $74,000. Institutional investors and hedge funds own 88.64% 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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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