DA Davidson set a $2,000.00 price objective on Booking (NASDAQ:BKNG) in a research report released on Tuesday. The brokerage currently has a hold rating on the business services provider’s stock. DA Davidson also issued estimates for Booking’s Q4 2018 earnings at $19.22 EPS, FY2018 earnings at $89.39 EPS, Q1 2019 earnings at $13.85 EPS, Q3 2019 earnings at $42.26 EPS, Q4 2019 earnings at $20.16 EPS, FY2019 earnings at $99.23 EPS, Q1 2020 earnings at $15.63 EPS, Q2 2020 earnings at $25.58 EPS, Q3 2020 earnings at $46.92 EPS and FY2020 earnings at $110.81 EPS.
Other equities analysts have also issued reports about the company. Benchmark restated a hold rating on shares of Booking in a research note on Thursday, August 9th. Stifel Nicolaus lowered Booking from a buy rating to a hold rating in a research note on Thursday, August 9th. ValuEngine upgraded Booking from a sell rating to a hold rating in a research note on Wednesday, August 22nd. SunTrust Banks restated a buy rating and issued a $2,300.00 target price on shares of Booking in a research note on Thursday, August 9th. Finally, Citigroup lowered Booking from a buy rating to a neutral rating in a research note on Friday, August 10th. Thirteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $2,155.87.
BKNG traded down $33.31 during trading on Tuesday, reaching $1,944.30. 11,311 shares of the company were exchanged, compared to its average volume of 475,259. The stock has a market capitalization of $90.32 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.41. Booking has a 12-month low of $1,640.18 and a 12-month high of $2,228.99.
In other Booking news, CEO Gillian Tans sold 295 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Morgan Stanley lifted its holdings in Booking by 30.9% in the 2nd quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after buying an additional 234,246 shares during the period. FMR LLC lifted its holdings in Booking by 14.6% in the 2nd quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after buying an additional 181,931 shares during the period. Egerton Capital UK LLP purchased a new stake in Booking in the 2nd quarter worth approximately $335,358,000. Alliancebernstein L.P. lifted its holdings in Booking by 29.8% in the 3rd quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock worth $1,273,458,000 after buying an additional 147,415 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Booking by 25.4% in the 2nd quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after buying an additional 119,238 shares during the period. Institutional investors and hedge funds own 91.99% 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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