Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at DA Davidson raised their FY2018 earnings per share (EPS) estimates for shares of Booking in a note issued to investors on Tuesday, November 6th. DA Davidson analyst T. White now anticipates that the business services provider will earn $89.39 per share for the year, up from their previous forecast of $87.14. DA Davidson has a “Hold” rating and a $2,000.00 price objective on the stock. DA Davidson also issued estimates for Booking’s 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.
Several other research analysts have also commented on the stock. Cowen set a $2,375.00 price objective on shares of Booking and gave the stock a “buy” rating in a report on Saturday, August 11th. Zacks Investment Research raised shares of Booking from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. UBS Group raised shares of Booking from a “neutral” rating to a “buy” rating and upped their target price for the stock from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 target price on the stock. in a research report on Friday, August 10th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $2,100.00 target price on shares of Booking in a research report on Thursday, August 9th. Thirteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,155.87.
Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). Booking had a return on equity of 26.87% and a net margin of 19.81%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the company posted $34.43 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.
In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BKNG. MUFG Securities EMEA plc purchased a new stake in Booking during the 2nd quarter valued at about $109,000. LFA Lugano Financial Advisors SA purchased a new stake in Booking during the 3rd quarter valued at about $109,000. Harvest Fund Management Co. Ltd grew its position in Booking by 86.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 26 shares during the last quarter. First Manhattan Co. grew its position in Booking by 90.0% during the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 27 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in Booking during the 2nd quarter valued at about $126,000. 91.99% of the stock is currently owned by institutional investors.
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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