Booking (NASDAQ:BKNG) Receives “Neutral” Rating from The Goldman Sachs Group

Booking (NASDAQ:BKNGGet Rating)‘s stock had its “neutral” rating reissued by research analysts at The Goldman Sachs Group in a report released on Friday, Marketbeat reports. They currently have a $2,460.00 target price on the business services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 12.11% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JMP Securities dropped their price objective on shares of Booking from $2,900.00 to $2,750.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Stifel Nicolaus lowered their target price on shares of Booking from $2,700.00 to $2,650.00 and set a “hold” rating on the stock in a report on Thursday, February 24th. StockNews.com began coverage on shares of Booking in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Ascendiant Capital Markets upped their target price on shares of Booking from $2,800.00 to $2,850.00 and gave the stock a “buy” rating in a report on Thursday, March 24th. Finally, Piper Sandler upped their target price on shares of Booking from $2,440.00 to $2,500.00 in a report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2,790.79.

Booking stock opened at $2,194.23 on Friday. The firm’s 50 day simple moving average is $2,182.22 and its 200-day simple moving average is $2,320.27. Booking has a fifty-two week low of $1,796.45 and a fifty-two week high of $2,715.66. The company has a market cap of $89.13 billion, a P/E ratio of 177.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 2.10.

Booking (NASDAQ:BKNGGet Rating) last posted its earnings results on Wednesday, May 4th. The business services provider reported $3.90 EPS for the quarter, topping the consensus estimate of ($0.92) by $4.82. Booking had a net margin of 4.16% and a return on equity of 43.44%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the firm posted ($5.26) earnings per share. The company’s revenue for the quarter was up 136.6% compared to the same quarter last year. On average, analysts expect that Booking will post 94.64 EPS for the current fiscal year.

In related news, CFO David I. Goulden sold 183 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total value of $404,430.00. Following the sale, the chief financial officer now directly owns 6,569 shares in the company, valued at approximately $14,517,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $2,199.81, for a total transaction of $1,649,857.50. Following the completion of the sale, the chief executive officer now owns 49,265 shares in the company, valued at $108,373,639.65. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BKNG. Amplius Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter worth approximately $26,000. Standard Family Office LLC acquired a new stake in Booking during the 4th quarter worth approximately $26,000. Valley National Advisers Inc. raised its holdings in Booking by 85.7% during the 1st quarter. Valley National Advisers Inc. now owns 13 shares of the business services provider’s stock worth $30,000 after buying an additional 6 shares during the period. Gradient Investments LLC raised its holdings in Booking by 116.7% during the 4th quarter. Gradient Investments LLC now owns 13 shares of the business services provider’s stock worth $31,000 after buying an additional 7 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Booking during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Booking Company Profile (Get Rating)

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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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