ValuEngine upgraded shares of Booking (NASDAQ:BKNG) from a sell rating to a hold rating in a report issued on Wednesday morning.

BKNG has been the topic of several other research reports. Zacks Investment Research downgraded shares of Booking from a hold rating to a sell rating in a report on Saturday, July 14th. Jefferies Financial Group downgraded shares of Booking from a neutral rating to a hold rating and set a $2,060.00 price target on the stock. in a report on Friday, August 10th. Morgan Stanley reaffirmed an overweight rating and issued a $2,200.00 price target (up previously from $2,100.00) on shares of Booking in a report on Wednesday, July 11th. Cowen set a $2,375.00 price target on shares of Booking and gave the company a buy rating in a report on Saturday, August 11th. Finally, Wells Fargo & Co reaffirmed a hold rating and issued a $2,050.00 price target on shares of Booking in a report on Monday, May 7th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Booking has an average rating of Buy and an average price target of $2,154.45.

Shares of NASDAQ BKNG opened at $1,903.34 on Wednesday. Booking has a 12-month low of $1,630.56 and a 12-month high of $2,228.99. The stock has a market capitalization of $91.00 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.52 and a beta of 1.21. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.34 by $3.33. Booking had a net margin of 20.07% and a return on equity of 24.74%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the firm earned $24.39 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities analysts predict that Booking will post 89.06 EPS for the current fiscal year.

In related news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total transaction of $599,139.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. C WorldWide Group Holding A S acquired a new position in Booking during the first quarter worth approximately $104,000. Paradigm Asset Management Co. LLC acquired a new position in Booking during the first quarter worth approximately $104,000. Fortis Advisors LLC acquired a new position in Booking during the first quarter worth approximately $104,000. Whittier Trust Co. acquired a new position in Booking during the first quarter worth approximately $108,000. Finally, MUFG Securities EMEA plc acquired a new position in Booking during the second quarter worth approximately $109,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

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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