Brokerages Set Booking Holdings Inc. (BKNG) Price Target at $2,144.74

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Booking Holdings Inc. (NASDAQ:BKNG) has earned an average recommendation of “Hold” from the twenty-seven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2,125.00.

BKNG has been the topic of several research analyst reports. Wells Fargo & Co raised Booking from a “market perform” rating to an “outperform” rating and set a $2,150.00 price objective on the stock in a research note on Monday, November 19th. Telsey Advisory Group initiated coverage on Booking in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $2,100.00 price objective on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Booking in a research note on Monday, December 24th. Zacks Investment Research raised Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price objective on the stock in a research note on Tuesday, January 8th. Finally, Jefferies Financial Group lowered Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th.

In related news, CEO Gillian Tans sold 294 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $1,695.00, for a total transaction of $498,330.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 838 shares of company stock worth $1,455,298 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in Booking by 4.8% during the 4th quarter. Quadrant Capital Group LLC now owns 131 shares of the business services provider’s stock worth $209,000 after acquiring an additional 6 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in Booking by 6.4% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 100 shares of the business services provider’s stock worth $172,000 after purchasing an additional 6 shares during the last quarter. Cypress Capital Management LLC increased its holdings in Booking by 1.4% during the 4th quarter. Cypress Capital Management LLC now owns 422 shares of the business services provider’s stock worth $727,000 after purchasing an additional 6 shares during the last quarter. Cypress Capital Group increased its holdings in Booking by 2.5% during the 4th quarter. Cypress Capital Group now owns 244 shares of the business services provider’s stock worth $420,000 after purchasing an additional 6 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its holdings in Booking by 4.4% during the 4th quarter. Magellan Asset Management Ltd now owns 165 shares of the business services provider’s stock worth $284,000 after purchasing an additional 7 shares during the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:BKNG traded up $8.29 during mid-day trading on Friday, reaching $1,752.17. The company’s stock had a trading volume of 760,060 shares, compared to its average volume of 517,588. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,201.84. The firm has a market cap of $79.12 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.33 and a beta of 1.03.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $19.39 by $3.10. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. Booking had a return on equity of 44.63% and a net margin of 27.52%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $16.86 EPS. As a group, research analysts forecast that Booking will post 101.74 earnings per share for the current fiscal 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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