Consumer Edge assumed coverage on shares of Booking (NASDAQ:BKNG) in a report released on Monday, November 18th, Briefing.com Automated Import reports. The brokerage issued an overweight rating and a $2,250.00 price target on the business services provider’s stock.
Several other research firms have also weighed in on BKNG. Stifel Nicolaus lifted their price target on Booking from $2,045.00 to $2,050.00 and gave the company a hold rating in a research report on Friday, November 8th. Zacks Investment Research cut Booking from a buy rating to a hold rating and set a $2,153.00 price objective for the company. in a research report on Thursday, September 12th. Evercore ISI restated a hold rating and issued a $1,970.00 price target on shares of Booking in a research report on Monday, November 11th. Morgan Stanley upped their price target on Booking from $2,050.00 to $2,100.00 and gave the stock an equal weight rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada restated an outperform rating and issued a $2,100.00 price target (down previously from $2,150.00) on shares of Booking in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $2,102.31.
Shares of NASDAQ BKNG traded down $0.23 during trading hours on Monday, reaching $1,906.22. 5,422 shares of the stock traded hands, compared to its average volume of 437,908. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51. The company’s 50-day simple moving average is $1,957.48 and its two-hundred day simple moving average is $1,902.81. The company has a market capitalization of $79.00 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12. Booking has a 52-week low of $1,606.27 and a 52-week high of $2,081.81.
Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, topping the Zacks’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 67.17% and a net margin of 29.05%. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the previous year, the firm earned $37.78 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Booking will post 101.39 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Thomasville National Bank increased its holdings in Booking by 2.5% during the 2nd quarter. Thomasville National Bank now owns 6,292 shares of the business services provider’s stock worth $11,796,000 after purchasing an additional 154 shares during the period. Fulton Bank N.A. increased its holdings in shares of Booking by 26.0% in the 2nd quarter. Fulton Bank N.A. now owns 1,623 shares of the business services provider’s stock valued at $3,042,000 after acquiring an additional 335 shares during the period. Winfield Associates Inc. increased its holdings in shares of Booking by 1.0% in the 2nd quarter. Winfield Associates Inc. now owns 995 shares of the business services provider’s stock valued at $1,865,000 after acquiring an additional 10 shares during the period. Metropolis Capital Ltd purchased a new position in shares of Booking in the 2nd quarter valued at $24,915,000. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Booking by 30.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 567 shares of the business services provider’s stock valued at $1,088,000 after acquiring an additional 133 shares during the period. Institutional investors own 92.48% of the company’s stock.
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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