Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at DA Davidson boosted their Q4 2018 earnings per share estimates for Booking in a report issued on Tuesday, November 6th. DA Davidson analyst T. White now anticipates that the business services provider will post earnings per share of $19.22 for the quarter, up from their prior estimate of $17.27. DA Davidson has a “Hold” rating and a $2,000.00 price target on the stock.
Several other equities research analysts also recently weighed in on the company. Wedbush set a $2,500.00 price target on Booking and gave the stock a “buy” rating in a report on Tuesday. Raymond James reaffirmed an “outperform” rating and set a $2,160.00 price target (up from $1,970.00) on shares of Booking in a report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,240.00 price target (up from $2,100.00) on shares of Booking in a report on Tuesday. Bank of America increased their price target on Booking from $2,150.00 to $2,300.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays reaffirmed an “overweight” rating and set a $2,360.00 price target (up from $2,300.00) on shares of Booking in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $2,155.87.
Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share 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 for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the business earned $34.43 earnings per share. Booking’s revenue for the quarter was up 9.4% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. MUFG Securities EMEA plc purchased a new position in shares of Booking in the second quarter valued at $109,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Booking in the third quarter valued at $109,000. Harvest Fund Management Co. Ltd increased its position in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after buying an additional 26 shares in the last quarter. First Manhattan Co. increased its position in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after buying an additional 27 shares in the last quarter. Finally, Webster Bank N. A. purchased a new position in shares of Booking in the second quarter valued at $126,000. Institutional investors and hedge funds own 91.99% of the company’s stock.
In other Booking news, CEO Gillian Tans sold 295 shares of the stock in a transaction 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 available at this hyperlink. Corporate insiders own 0.24% 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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