Piper Jaffray Companies reaffirmed their overweight rating on shares of Booking (NASDAQ:BKNG) in a report issued on Thursday, The Fly reports. The brokerage currently has a $2,100.00 target price on the business services provider’s stock.
Several other brokerages have also commented on BKNG. Wells Fargo & Co reaffirmed a hold rating and set a $2,050.00 price target on shares of Booking in a research report on Monday, May 7th. Oppenheimer upped their price target on shares of Booking from $2,275.00 to $2,500.00 and gave the stock an outperform rating in a research report on Thursday, May 3rd. ValuEngine lowered shares of Booking from a buy rating to a hold rating in a research report on Friday, May 18th. SunTrust Banks upped their price target on shares of Booking from $2,350.00 to $2,380.00 and gave the stock a buy rating in a research report on Friday, April 13th. Finally, Zacks Investment Research raised shares of Booking from a sell rating to a hold rating in a research report on Tuesday, August 7th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $2,154.45.
Booking traded down $44.73, hitting $1,897.66, on Thursday, MarketBeat Ratings reports. 936,037 shares of the company were exchanged, compared to its average volume of 432,801. Booking has a twelve month low of $1,630.56 and a twelve month high of $2,228.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $93.57 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, topping the consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.14%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business posted $24.39 earnings per share. Booking’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities analysts forecast that Booking will post 88.65 EPS for the current fiscal year.
In other Booking news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total transaction of $599,139.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC purchased a new position in shares of Booking in the first quarter valued at $104,000. C WorldWide Group Holding A S purchased a new position in shares of Booking in the first quarter valued at $104,000. Fortis Advisors LLC purchased a new position in shares of Booking in the first quarter valued at $104,000. Whittier Trust Co. purchased a new position in shares of Booking in the first quarter valued at $108,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Booking in the second quarter valued at $109,000. Institutional investors and hedge funds own 91.50% 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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