Raymond James reiterated their outperform rating on shares of Booking (NASDAQ:BKNG) in a research note published on Tuesday. The brokerage currently has a $2,160.00 target price on the business services provider’s stock, up from their prior target price of $1,970.00.
A number of other brokerages have also recently commented on BKNG. Zacks Investment Research raised shares of Booking from a sell rating to a hold rating in a research note on Tuesday, August 7th. Morgan Stanley reissued an overweight rating and issued a $2,200.00 price objective (up from $2,100.00) on shares of Booking in a research note on Wednesday, July 11th. SunTrust Banks reissued a buy rating and issued a $2,300.00 price objective on shares of Booking in a research note on Tuesday, July 10th. Bank of America increased their price objective on shares of Booking from $2,150.00 to $2,300.00 and gave the company a buy rating in a research note on Tuesday. Finally, Barclays reissued an overweight rating and issued a $2,360.00 price objective (up from $2,300.00) on shares of Booking in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $2,155.87.
NASDAQ BKNG traded down $39.97 during trading hours on Tuesday, reaching $1,937.64. The company’s stock had a trading volume of 368,133 shares, compared to its average volume of 474,319. The stock has a market cap of $92.57 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.58 and a beta of 1.22. Booking has a fifty-two week low of $1,682.69 and a fifty-two week high of $2,228.99. The company has a current ratio of 2.41, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99.
Booking (NASDAQ:BKNG) last issued 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). The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. Booking’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $34.43 earnings per share. As a group, research analysts expect that Booking will post 89.68 earnings per share for the current year.
In other Booking news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after acquiring an additional 181,931 shares during the last quarter. Morgan Stanley boosted its position in shares of Booking by 30.9% in the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after acquiring an additional 234,246 shares during the last quarter. Edgewood Management LLC boosted its position in shares of Booking by 2.6% in the second quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock worth $1,377,588,000 after acquiring an additional 17,104 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Booking by 29.8% in the third quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock worth $1,273,458,000 after acquiring an additional 147,415 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Booking by 25.4% in the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after acquiring an additional 119,238 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors and hedge funds.
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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