Booking Holdings Inc. (NASDAQ:BKNG) Given Consensus Recommendation of “Buy” by Brokerages

Booking Holdings Inc. (NASDAQ:BKNGGet Rating) has received an average recommendation of “Buy” from the thirty-two ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $2,790.79.

A number of research analysts have commented on the company. Susquehanna lowered their price target on Booking from $3,100.00 to $2,900.00 and set a “positive” rating for the company in a research report on Friday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Booking in a research report on Friday, March 11th. They set a “buy” rating and a $2,512.00 price target for the company. Morgan Stanley upped their price target on Booking from $2,660.00 to $2,820.00 and gave the company an “equal weight” rating in a research report on Thursday, February 24th. Susquehanna Bancshares lowered their price target on Booking from $3,100.00 to $2,900.00 and set a “positive” rating for the company in a research report on Friday, February 25th. Finally, JMP Securities lowered their price target on Booking from $2,900.00 to $2,750.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th.

In other Booking news, insider Paulo Pisano sold 120 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $2,100.00, for a total value of $252,000.00. Following the completion of the transaction, the insider now owns 3,003 shares of the company’s stock, valued at approximately $6,306,300. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David I. Goulden sold 183 shares of the company’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the sale, the chief financial officer now directly owns 6,569 shares of the company’s stock, valued at approximately $14,517,490. The disclosure for this sale can be found here. In the last three months, insiders sold 1,053 shares of company stock valued at $2,306,288. 0.24% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amplius Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at about $26,000. Standard Family Office LLC purchased a new stake in Booking in the 4th quarter valued at about $26,000. Valley National Advisers Inc. boosted its position in Booking by 85.7% in the 1st quarter. Valley National Advisers Inc. now owns 13 shares of the business services provider’s stock valued at $30,000 after buying an additional 6 shares during the period. Gradient Investments LLC boosted its position in Booking by 116.7% in the 4th quarter. Gradient Investments LLC now owns 13 shares of the business services provider’s stock valued at $31,000 after buying an additional 7 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Booking in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Shares of BKNG stock opened at $2,265.98 on Friday. The stock has a market capitalization of $92.05 billion, a PE ratio of 183.33, a P/E/G ratio of 1.03 and a beta of 1.18. Booking has a 1-year low of $1,796.45 and a 1-year high of $2,715.66. The business has a 50-day moving average of $2,194.43 and a 200 day moving average of $2,282.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72.

Booking (NASDAQ:BKNGGet Rating) last issued its earnings results on Wednesday, May 4th. The business services provider reported $3.90 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $4.04. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Booking had a return on equity of 43.44% and a net margin of 4.16%. Booking’s quarterly revenue was up 136.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($5.26) EPS. Analysts anticipate that Booking will post 100.71 EPS for the current year.

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.

Further Reading

Analyst Recommendations for Booking (NASDAQ:BKNG)

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