Evercore ISI reiterated their neutral rating on shares of Booking (NASDAQ:BKNG) in a research report sent to investors on Sunday, AnalystRatings.com reports.
“We remain cautious, but do not have a draconian view and thus reiterate our In Line rating. Our PT moves lower to $44, which includes an NPV hit of $2.8 Bn related to upcoming litigation (would equate to ~8x EBITDA if you adjusted for fine as debt – we will be using this methodology broadly for group going forward).”,” Evercore ISI’s analyst wrote.
A number of other research analysts also recently issued reports on the stock. Citigroup upgraded shares of Booking from a neutral rating to a buy rating and dropped their target price for the company from $1,800.00 to $1,745.02 in a research report on Thursday, May 23rd. Cleveland Research started coverage on shares of Booking in a research report on Wednesday, June 19th. They set a neutral rating on the stock. SunTrust Banks reiterated a buy rating and set a $2,150.00 target price on shares of Booking in a research report on Thursday, July 18th. UBS Group dropped their target price on shares of Booking from $2,000.00 to $1,960.00 and set a neutral rating on the stock in a research report on Friday, May 10th. Finally, Cowen restated an outperform rating and set a $2,300.00 price objective (up previously from $2,160.00) on shares of Booking in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $2,066.00.
Booking (NASDAQ:BKNG) last released its earnings results on Wednesday, August 7th. The business services provider reported $23.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $20.13 EPS. Booking’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Booking will post 101.54 earnings per share for the current fiscal year.
In related news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total transaction of $438,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 606 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in Booking by 8.3% during the first quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock worth $1,740,762,000 after purchasing an additional 76,561 shares during the period. Edgewood Management LLC boosted its position in Booking by 0.9% during the second quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock worth $1,278,661,000 after purchasing an additional 5,986 shares during the period. Investec Asset Management LTD boosted its position in Booking by 45.2% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after purchasing an additional 201,869 shares during the period. Morgan Stanley boosted its position in Booking by 2.0% during the second quarter. Morgan Stanley now owns 648,282 shares of the business services provider’s stock worth $1,215,342,000 after purchasing an additional 12,951 shares during the period. Finally, Ellis Investment Partners LLC boosted its position in Booking by 174,390.7% during the first quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock worth $621,000 after purchasing an additional 620,831 shares during the period. Institutional investors own 94.69% of the company’s stock.
Booking Company Profile
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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