Consumer Edge assumed coverage on shares of Booking (NASDAQ:BKNG) in a research note published on Monday, November 18th, Briefing.com Automated Import reports. The firm issued an overweight rating and a $2,250.00 price target on the business services provider’s stock.
Several other brokerages have also recently weighed in on BKNG. Bank of America cut shares of Booking from a buy rating to a neutral rating in a research note on Friday, November 1st. Deutsche Bank upped their target price on shares of Booking from $2,250.00 to $2,350.00 and gave the company a buy rating in a report on Friday, November 8th. ValuEngine downgraded shares of Booking from a hold rating to a sell rating in a research report on Monday, October 7th. Cowen lifted their price target on shares of Booking from $2,300.00 to $2,400.00 and gave the stock a top pick rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus upped their price objective 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. Eighteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $2,102.31.
Shares of NASDAQ BKNG opened at $1,930.27 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51. Booking has a 52-week low of $1,606.27 and a 52-week high of $2,081.81. The company has a market cap of $80.79 billion, a PE ratio of 20.85, a PEG ratio of 1.45 and a beta of 1.10. The firm’s 50-day moving average price is $1,944.94 and its 200-day moving average price is $1,906.88.
Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. Booking had a net margin of 29.05% and a return on equity of 67.17%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $37.78 EPS. As a group, equities research analysts anticipate that Booking will post 101.39 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC purchased a new stake in Booking in the 3rd quarter worth $27,000. Gradient Investments LLC purchased a new position in shares of Booking during the third quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Booking in the third quarter worth about $29,000. Delta Asset Management LLC TN increased its holdings in shares of Booking by 50.0% in the third quarter. Delta Asset Management LLC TN now owns 15 shares of the business services provider’s stock worth $29,000 after purchasing an additional 5 shares during the last quarter. Finally, Squar Milner Financial Services LLC lifted its position in shares of Booking by 100.0% in the third quarter. Squar Milner Financial Services LLC now owns 16 shares of the business services provider’s stock worth $31,000 after buying an additional 8 shares in the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.
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.
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