Booking Holdings Inc. (NASDAQ:BKNG) Given Average Rating of “Hold” by Analysts

Booking Holdings Inc. (NASDAQ:BKNG) has been given a consensus recommendation of “Hold” by the twenty-seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2,458.44.

Several brokerages have commented on BKNG. Credit Suisse Group boosted their target price on Booking from $2,675.00 to $3,100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 5th. Piper Sandler boosted their target price on Booking from $2,345.00 to $2,375.00 and gave the stock a “neutral” rating in a research note on Thursday, August 5th. Stifel Nicolaus boosted their target price on Booking from $2,400.00 to $2,450.00 and gave the stock a “hold” rating in a research note on Thursday, August 5th. Finally, The Goldman Sachs Group began coverage on Booking in a research note on Monday, September 13th. They set a “neutral” rating and a $2,230.00 target price for the company.

In other Booking news, CFO David I. Goulden sold 183 shares of the stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $2,173.00, for a total transaction of $397,659.00. Following the transaction, the chief financial officer now directly owns 4,772 shares in the company, valued at approximately $10,369,556. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of BKNG. Koshinski Asset Management Inc. lifted its holdings in shares of Booking by 3.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 146 shares of the business services provider’s stock worth $340,000 after purchasing an additional 5 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its holdings in shares of Booking by 150.3% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 448 shares of the business services provider’s stock worth $1,044,000 after purchasing an additional 269 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Booking by 2.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,730 shares of the business services provider’s stock worth $6,360,000 after purchasing an additional 75 shares in the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Booking by 14.3% in the 1st quarter. IndexIQ Advisors LLC now owns 654 shares of the business services provider’s stock worth $1,524,000 after purchasing an additional 82 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Booking by 1.9% in the 1st quarter. Swiss National Bank now owns 157,543 shares of the business services provider’s stock worth $367,050,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.

BKNG stock traded down $14.83 during midday trading on Monday, reaching $2,476.52. The company had a trading volume of 318,873 shares, compared to its average volume of 352,331. The company has a market capitalization of $101.69 billion, a price-to-earnings ratio of 246.42, a price-to-earnings-growth ratio of 3.31 and a beta of 1.26. The stock has a 50 day moving average price of $2,250.42 and a 200-day moving average price of $2,290.79. Booking has a 1-year low of $1,589.00 and a 1-year high of $2,540.00. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.05 and a quick ratio of 2.05.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, August 3rd. The business services provider reported ($2.55) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.69) by $0.14. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.89 billion. Booking had a return on equity of 3.32% and a net margin of 5.77%. Booking’s revenue for the quarter was up 242.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($10.81) earnings per share. As a group, research analysts anticipate that Booking will post 42.24 earnings per share for the current year.

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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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