Booking Holdings Inc. (NASDAQ:BKNG) – Oppenheimer decreased their FY2018 earnings estimates for Booking in a report issued on Tuesday, November 6th. Oppenheimer analyst J. Kelly now anticipates that the business services provider will post earnings per share of $89.52 for the year, down from their prior forecast of $90.04. Oppenheimer also issued estimates for Booking’s Q4 2018 earnings at $19.39 EPS and FY2020 earnings at $115.17 EPS.
Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $34.43 earnings per share.
Shares of BKNG stock opened at $1,937.64 on Thursday. The firm has a market cap of $90.32 billion, a P/E ratio of 25.15, a PEG ratio of 1.54 and a beta of 1.22. Booking has a 1 year low of $1,682.69 and a 1 year high of $2,228.99. The company has a quick ratio of 1.92, a current ratio of 2.41 and a debt-to-equity ratio of 0.99.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Booking by 14.6% in the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock valued at $2,896,058,000 after purchasing an additional 181,931 shares during the last quarter. Morgan Stanley increased its stake in Booking by 30.9% in the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock valued at $2,013,218,000 after purchasing an additional 234,246 shares during the last quarter. Edgewood Management LLC increased its stake in Booking by 2.6% in the second quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock valued at $1,377,588,000 after purchasing an additional 17,104 shares during the last quarter. Alliancebernstein L.P. increased its stake in Booking by 29.8% in the third quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock valued at $1,273,458,000 after purchasing an additional 147,415 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Booking by 25.4% in the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock valued at $1,194,562,000 after purchasing an additional 119,238 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.
In related news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $1,917.94, for a total value of $565,792.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% 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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