Booking (NASDAQ:BKNG) Price Target Lowered to $2,100.00 at JPMorgan Chase & Co.

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Booking (NASDAQ:BKNG) had its price target cut by JPMorgan Chase & Co. from $2,125.00 to $2,100.00 in a report issued on Friday, Stock Target Advisor reports. They currently have a neutral rating on the business services provider’s stock.

Several other analysts have also recently issued reports on BKNG. Wells Fargo & Co cut Booking from an outperform rating to a market perform rating and upped their target price for the company from $2,000.00 to $2,150.00 in a report on Thursday, September 26th. Wedbush upped their target price on Booking from $1,950.00 to $2,000.00 and gave the company a neutral rating in a report on Friday. Stifel Nicolaus upped their target price on Booking from $2,045.00 to $2,050.00 and gave the company a hold rating in a report on Friday. Deutsche Bank upped their target price on Booking from $2,250.00 to $2,350.00 and gave the company a buy rating in a report on Friday. Finally, ValuEngine cut Booking from a hold rating to a sell rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Booking currently has an average rating of Hold and an average target price of $2,114.40.

NASDAQ:BKNG traded up $29.26 during trading hours on Friday, reaching $1,879.19. The company had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The business’s 50 day moving average price is $1,998.42 and its 200-day moving average price is $1,899.20. Booking has a 1-year low of $1,606.27 and a 1-year high of $2,081.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $86.10 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the company earned $37.78 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts expect that Booking will post 101.98 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC purchased a new position in shares of Booking during the 3rd quarter worth $27,000. Gradient Investments LLC purchased a new position in shares of Booking during the 3rd quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in shares of Booking during the 3rd quarter worth $29,000. Delta Asset Management LLC TN grew its holdings in shares of Booking by 50.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after purchasing an additional 5 shares during the period. Finally, Squar Milner Financial Services LLC grew its holdings in shares of Booking by 100.0% during the 3rd quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 92.36% 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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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