Shares of Booking Holdings Inc. (NASDAQ:BKNG) have been given an average recommendation of “Hold” by the thirty brokerages that are presently covering the stock, Marketbeat reports. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $2,088.77.
BKNG has been the subject of a number of research reports. UBS Group lifted their price objective on Booking from $1,960.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays reaffirmed a “buy” rating and issued a $2,160.00 target price on shares of Booking in a research report on Wednesday, October 16th. Stifel Nicolaus raised their price target on Booking from $2,045.00 to $2,050.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. SunTrust Banks raised their price target on Booking to $2,240.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI reiterated a “hold” rating and set a $1,970.00 price target on shares of Booking in a report on Monday, November 11th.
Booking stock opened at $1,905.79 on Tuesday. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,081.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $80.80 billion, a PE ratio of 20.58, a P/E/G ratio of 1.43 and a beta of 1.10. The firm’s 50 day moving average price is $1,938.83 and its two-hundred day moving average price is $1,909.15.
Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49. Booking had a net margin of 29.05% and a return on equity of 67.17%. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the business posted $37.78 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts anticipate that Booking will post 101.39 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Beck Bode LLC lifted its stake in shares of Booking by 4.9% in the third quarter. Beck Bode LLC now owns 1,355 shares of the business services provider’s stock worth $2,659,000 after buying an additional 63 shares during the last quarter. Wildcat Capital Management LLC grew its stake in Booking by 22.3% in the 3rd quarter. Wildcat Capital Management LLC now owns 6,861 shares of the business services provider’s stock valued at $13,465,000 after buying an additional 1,250 shares during the last quarter. Bank of Hawaii raised its holdings in Booking by 12.0% in the 3rd quarter. Bank of Hawaii now owns 1,910 shares of the business services provider’s stock worth $3,749,000 after acquiring an additional 204 shares during the period. IHT Wealth Management LLC raised its holdings in Booking by 17.3% in the 3rd quarter. IHT Wealth Management LLC now owns 149 shares of the business services provider’s stock worth $291,000 after acquiring an additional 22 shares during the period. Finally, Wealthsource Partners LLC acquired a new position in Booking during the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 92.41% 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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