Q3 2019 EPS Estimates for Booking Holdings Inc. Reduced by Oppenheimer (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Equities researchers at Oppenheimer cut their Q3 2019 earnings estimates for Booking in a research note issued to investors on Thursday, August 8th. Oppenheimer analyst J. Kelly now expects that the business services provider will post earnings of $44.72 per share for the quarter, down from their prior estimate of $44.81. Oppenheimer also issued estimates for Booking’s Q4 2019 earnings at $24.50 EPS and FY2020 earnings at $113.79 EPS.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, topping analysts’ consensus estimates of $22.80 by $0.79. Booking had a net margin of 28.19% and a return on equity of 56.70%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business posted $20.13 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year.

A number of other equities analysts have also commented on BKNG. Deutsche Bank boosted their price objective on shares of Booking from $2,175.00 to $2,275.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $1,900.00 price objective (up previously from $1,800.00) on shares of Booking in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Booking from $1,930.00 to $2,125.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. SunTrust Banks reiterated a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a report on Thursday, July 18th. Finally, Citigroup upgraded shares of Booking from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $1,800.00 to $1,745.02 in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2,066.00.

Shares of BKNG stock opened at $1,943.19 on Monday. Booking has a 12 month low of $1,606.27 and a 12 month high of $2,019.48. 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 $81.52 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.55 and a beta of 1.14. The business has a fifty day moving average price of $1,890.39.

In other news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 606 shares of the company’s 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.

Several institutional investors have recently modified their holdings of the company. FMR LLC grew its position in shares of Booking by 8.3% during the 1st quarter. FMR LLC now owns 997,623 shares of the business services provider’s stock valued at $1,740,762,000 after buying an additional 76,561 shares during the last quarter. Edgewood Management LLC grew its position in shares of Booking by 0.9% during the 2nd quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock valued at $1,278,661,000 after buying an additional 5,986 shares during the last quarter. Investec Asset Management LTD grew its position in shares of Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock valued at $946,177,000 after buying an additional 201,869 shares during the last quarter. Ellis Investment Partners LLC grew its position in shares of Booking by 174,390.7% during the 1st quarter. Ellis Investment Partners LLC now owns 621,187 shares of the business services provider’s stock valued at $621,000 after buying an additional 620,831 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in shares of Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock valued at $59,616,000 after buying an additional 595,855 shares during the last quarter. Institutional investors and hedge funds own 94.69% 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.

Featured Story: Coverage Ratio

Earnings History and Estimates 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.