Booking Holdings Inc. (BKNG) Receives Consensus Rating of “Buy” from Analysts

Booking Holdings Inc. (NASDAQ:BKNG) has been assigned an average rating of “Buy” from the thirty-three analysts that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2,069.03.

A number of equities research analysts have weighed in on BKNG shares. MKM Partners lowered Booking from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $2,225.00 to $1,850.00 in a report on Thursday, December 7th. BidaskClub lowered Booking from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered Booking from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Vetr lowered Booking from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a research note on Monday, January 8th. Finally, Oppenheimer boosted their price target on Booking from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th.

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BKNG traded up $25.70 during trading on Friday, reaching $2,080.39. The company’s stock had a trading volume of 395,822 shares, compared to its average volume of 484,867. Booking has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The firm has a market capitalization of $100,459.95, a PE ratio of 27.01, a P/E/G ratio of 1.37 and a beta of 1.27. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.89.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $16.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.12 by $2.74. Booking had a return on equity of 21.12% and a net margin of 18.46%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.70 billion. sell-side analysts predict that Booking will post 87.34 EPS for the current year.

In related news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $2,020.00, for a total transaction of $505,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 123 shares of Booking stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total value of $227,655.78. The disclosure for this sale can be found here. Insiders have sold a total of 4,419 shares of company stock valued at $9,550,806 over the last 90 days. Insiders own 0.24% of the company’s stock.

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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.

Analyst Recommendations for Booking (NASDAQ:BKNG)

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