Booking (NASDAQ:BKNG) Downgraded by StockNews.com

Booking (NASDAQ:BKNG) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research analysts have also issued reports on BKNG. Mizuho lifted their price target on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 price objective on shares of Booking in a research note on Tuesday. Oppenheimer raised their price objective on shares of Booking from $3,450.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. B. Riley started coverage on shares of Booking in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,723.41.

Booking Stock Down 1.8 %

Booking stock traded down $62.77 during mid-day trading on Tuesday, hitting $3,452.03. The company’s stock had a trading volume of 232,140 shares, compared to its average volume of 264,473. The stock has a market capitalization of $117.44 billion, a P/E ratio of 29.26, a P/E/G ratio of 1.07 and a beta of 1.40. Booking has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The stock’s fifty day moving average price is $3,538.09 and its two-hundred day moving average price is $3,394.91.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $29.72 by $2.28. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $24.74 earnings per share. Equities analysts expect that Booking will post 176.1 earnings per share for the current year.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of Booking stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,461 shares of company stock valued at $18,815,825. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Booking in the 4th quarter worth $1,742,160,000. Northern Trust Corp raised its position in shares of Booking by 1.3% during the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock valued at $1,184,224,000 after buying an additional 5,040 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Booking by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after buying an additional 15,381 shares during the last quarter. Sanders Capital LLC raised its position in shares of Booking by 3.5% during the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after buying an additional 9,419 shares during the last quarter. Finally, Lone Pine Capital LLC raised its position in shares of Booking by 2.0% during the fourth quarter. Lone Pine Capital LLC now owns 152,501 shares of the business services provider’s stock valued at $540,955,000 after buying an additional 3,052 shares during the last quarter. Institutional investors own 92.42% 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.