Booking (NASDAQ:BKNG) PT Lowered to $2,090.00 at Barclays

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Booking (NASDAQ:BKNG) had its price objective decreased by Barclays from $2,160.00 to $2,090.00 in a research note released on Friday morning, Stock Target Advisor reports. Barclays currently has an overweight rating on the business services provider’s stock.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Booking from a buy rating to a hold rating and set a $2,153.00 price objective on the stock. in a research report on Thursday, September 12th. Mizuho reaffirmed a buy rating and issued a $2,150.00 price objective (up previously from $2,050.00) on shares of Booking in a research report on Thursday, August 8th. Wells Fargo & Co lowered shares of Booking from an outperform rating to a market perform rating and lifted their price objective for the stock from $2,000.00 to $2,150.00 in a research report on Thursday, September 26th. Morgan Stanley lifted their price objective on shares of Booking from $2,050.00 to $2,100.00 and gave the stock an equal weight rating in a research report on Thursday, August 8th. Finally, Cowen lifted their price objective on shares of Booking from $2,300.00 to $2,400.00 and gave the stock a top pick rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $2,114.40.

NASDAQ:BKNG traded up $29.26 during trading hours on Friday, reaching $1,879.19. The company had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The business’s 50-day simple moving average is $1,998.42 and its two-hundred day simple moving average is $1,899.20. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,081.81. The firm has a market cap of $86.10 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.52 and a beta of 1.12.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49. Booking had a net margin of 28.19% and a return on equity of 56.70%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the firm earned $37.78 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts predict that Booking will post 101.98 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wambolt & Associates LLC increased its stake in shares of Booking by 1.3% in the third quarter. Wambolt & Associates LLC now owns 390 shares of the business services provider’s stock worth $765,000 after purchasing an additional 5 shares in the last quarter. Beacon Financial Group increased its stake in shares of Booking by 1.3% in the third quarter. Beacon Financial Group now owns 381 shares of the business services provider’s stock worth $741,000 after purchasing an additional 5 shares in the last quarter. First Financial Corp IN increased its stake in shares of Booking by 10.0% in the third quarter. First Financial Corp IN now owns 55 shares of the business services provider’s stock worth $108,000 after purchasing an additional 5 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of Booking by 0.5% in the third quarter. Winfield Associates Inc. now owns 1,000 shares of the business services provider’s stock worth $1,963,000 after purchasing an additional 5 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of Booking by 0.9% in the third quarter. Kovack Advisors Inc. now owns 560 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 92.36% 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.

See Also: Why Net Income is Important to Investors

Analyst Recommendations for Booking (NASDAQ:BKNG)

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