Booking Holdings Inc. (NASDAQ:BKNG) has been given an average rating of “Buy” by the thirty-one research firms that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2,153.78.

BKNG has been the topic of several research reports. Telsey Advisory Group initiated coverage on shares of Booking in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $2,100.00 price objective on the stock. Wells Fargo & Co raised shares of Booking from a “market perform” rating to an “outperform” rating and set a $2,150.00 price target for the company in a report on Monday, November 19th. DA Davidson set a $2,000.00 price objective on shares of Booking and gave the stock a “hold” rating in a report on Tuesday, November 6th. Wedbush set a $2,500.00 price objective on shares of Booking and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, Raymond James reiterated an “outperform” rating and set a $2,160.00 target price (up previously from $1,970.00) on shares of Booking in a research report on Tuesday, November 6th.

Shares of BKNG traded down $56.56 during midday trading on Friday, hitting $1,863.14. The company had a trading volume of 349,476 shares, compared to its average volume of 431,722. The company has a market capitalization of $87.65 billion, a P/E ratio of 24.19, a PEG ratio of 1.52 and a beta of 1.17. Booking has a 52 week low of $1,690.34 and a 52 week high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the consensus estimate of $38.37 by ($0.59). The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. Booking’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $34.43 EPS. As a group, sell-side analysts expect that Booking will post 89.57 earnings per share for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 293 shares of Booking stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,872.01, for a total transaction of $548,498.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 883 shares of company stock valued at $1,646,347. 0.24% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in BKNG. Raymond James Financial Services Advisors Inc. increased its stake in shares of Booking by 6.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,656 shares of the business services provider’s stock valued at $21,601,000 after buying an additional 665 shares during the period. Bradley Foster & Sargent Inc. CT bought a new position in shares of Booking during the second quarter valued at $389,000. TD Asset Management Inc. lifted its holdings in shares of Booking by 24.7% during the second quarter. TD Asset Management Inc. now owns 111,132 shares of the business services provider’s stock valued at $225,274,000 after purchasing an additional 21,984 shares in the last quarter. Hendershot Investments Inc. lifted its holdings in Booking by 1.5% in the second quarter. Hendershot Investments Inc. now owns 3,679 shares of the business services provider’s stock valued at $7,458,000 after acquiring an additional 54 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Booking by 2.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,409 shares of the business services provider’s stock valued at $98,129,000 after acquiring an additional 989 shares during the period. Institutional investors own 92.54% 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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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