Benchmark reiterated their hold rating on shares of Booking (NASDAQ:BKNG) in a research note issued to investors on Thursday morning.

BKNG has been the subject of several other research reports. Zacks Investment Research lowered Booking from a hold rating to a sell rating in a research report on Saturday, July 14th. Morgan Stanley restated an overweight rating and set a $2,200.00 target price (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. SunTrust Banks restated a buy rating and set a $2,300.00 target price on shares of Booking in a research report on Tuesday, July 10th. Wells Fargo & Co restated a hold rating and set a $2,050.00 target price on shares of Booking in a research report on Monday, May 7th. Finally, Royal Bank of Canada restated an outperform rating on shares of Booking in a research report on Thursday, May 10th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Booking presently has a consensus rating of Buy and a consensus price target of $2,154.45.

Shares of Booking traded down $44.73, hitting $1,897.66, during trading hours on Thursday, Marketbeat.com reports. 936,037 shares of the company’s stock traded hands, compared to its average volume of 432,801. Booking has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The firm has a market capitalization of $93.57 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.14 and a quick ratio of 2.14.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $17.34 by $3.33. Booking had a return on equity of 24.14% and a net margin of 20.07%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the business 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 research analysts expect that Booking will post 88.65 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 295 shares of Booking 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.24% of the company’s stock.

A number of large investors have recently modified their holdings of BKNG. Paradigm Asset Management Co. LLC bought a new position in Booking in the first quarter worth approximately $104,000. C WorldWide Group Holding A S bought a new position in Booking in the first quarter worth approximately $104,000. Fortis Advisors LLC bought a new position in Booking in the first quarter worth approximately $104,000. Whittier Trust Co. bought a new position in Booking in the first quarter worth approximately $108,000. Finally, MUFG Securities EMEA plc bought a new position in Booking in the second quarter worth approximately $109,000. 91.50% 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.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Booking (NASDAQ:BKNG)

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