Q1 2018 EPS Estimates for Booking Holdings Inc. (BKNG) Boosted by Analyst
Booking Holdings Inc. (NASDAQ:BKNG) – Stock analysts at KeyCorp upped their Q1 2018 earnings estimates for shares of Booking in a research report issued on Wednesday. KeyCorp analyst B. Erickson now anticipates that the business services provider will earn $10.34 per share for the quarter, up from their previous forecast of $9.42. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Booking’s Q4 2018 earnings at $18.73 EPS, FY2018 earnings at $88.80 EPS, Q1 2019 earnings at $12.16 EPS, Q4 2019 earnings at $19.22 EPS and FY2019 earnings at $99.66 EPS.
A number of other research analysts have also weighed in on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $2,000.00 price objective on shares of Booking in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Booking from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus dropped their price objective on shares of Booking from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Barclays reaffirmed an “overweight” rating on shares of Booking in a research note on Tuesday, November 7th. Finally, JMP Securities raised their price objective on shares of Booking from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $2,002.74.
In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the sale, the chief executive officer now owns 5,310 shares in the company, valued at $9,414,311.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 367 shares of company stock valued at $679,501. 0.24% of the stock is currently owned by corporate insiders.
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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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