Booking Holdings Inc. (NASDAQ:BKNG) – Investment analysts at SunTrust Banks decreased their FY2019 earnings per share (EPS) estimates for shares of Booking in a research report issued on Monday, November 5th. SunTrust Banks analyst N. Khan now anticipates that the business services provider will post earnings of $99.51 per share for the year, down from their prior forecast of $103.83. SunTrust Banks has a “Buy” rating and a $2,300.00 price objective on the stock. SunTrust Banks also issued estimates for Booking’s FY2020 earnings at $110.53 EPS, FY2021 earnings at $123.81 EPS and FY2022 earnings at $138.24 EPS.
Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $34.43 EPS.
Shares of BKNG opened at $1,937.64 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 1.92. The stock has a market capitalization of $92.57 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.58 and a beta of 1.22. Booking has a 52 week low of $1,682.69 and a 52 week high of $2,228.99.
In related news, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in Booking during the first quarter valued at approximately $967,000. Fisher Asset Management LLC boosted its stake in Booking by 41.4% during the second quarter. Fisher Asset Management LLC now owns 1,462 shares of the business services provider’s stock valued at $2,964,000 after buying an additional 428 shares during the last quarter. Hollencrest Capital Management boosted its stake in Booking by 12.6% during the second quarter. Hollencrest Capital Management now owns 223 shares of the business services provider’s stock valued at $452,000 after buying an additional 25 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Booking by 25.5% during the second quarter. State of Alaska Department of Revenue now owns 7,528 shares of the business services provider’s stock valued at $15,259,000 after buying an additional 1,528 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in Booking by 6.0% during the second quarter. Trust Co. of Vermont now owns 4,530 shares of the business services provider’s stock valued at $9,183,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors 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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