Booking (NASDAQ:BKNG) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. Mizuho reaffirmed a “buy” rating on shares of Booking in a report on Thursday, February 28th. SunTrust Banks reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of Booking in a report on Thursday, February 28th. Bank of America reaffirmed a “buy” rating and issued a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a report on Tuesday, February 26th. Deutsche Bank raised shares of Booking from a “hold” rating to a “buy” rating and upped their price objective for the stock from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. Finally, Zacks Investment Research raised shares of Booking from a “hold” rating to a “buy” rating and set a $1,917.00 price objective for the company in a report on Tuesday, January 8th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2,121.68.

Booking stock opened at $1,887.73 on Wednesday. The stock has a market cap of $84.97 billion, a PE ratio of 20.39, a PEG ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.36 and a quick ratio of 2.36. Booking has a one year low of $1,606.27 and a one year high of $2,201.84.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Wednesday, February 27th. The business services provider reported $22.49 earnings per share for the quarter, topping the consensus estimate of $19.39 by $3.10. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.23 billion. Booking had a net margin of 27.52% and a return on equity of 44.63%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $16.86 earnings per share. Equities research analysts predict that Booking will post 101.67 EPS for the current year.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,751.79, for a total transaction of $562,324.59. The disclosure for this sale can be found here. Insiders sold a total of 892 shares of company stock valued at $1,579,789 over the last three months. 0.24% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Guidant Wealth Advisors acquired a new stake in Booking during the 1st quarter worth about $26,000. Truvestments Capital LLC acquired a new stake in Booking during the 1st quarter worth about $44,000. Horan Capital Advisors LLC. acquired a new stake in Booking during the 1st quarter worth about $49,000. Moody National Bank Trust Division acquired a new stake in Booking during the 4th quarter worth about $53,000. Finally, Next Capital Management LLC acquired a new position in shares of Booking in the 4th quarter valued at about $64,000. 92.42% of the stock is owned by 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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