Booking (BKNG) Downgraded by Stifel Nicolaus

Stifel Nicolaus lowered shares of Booking (NASDAQ:BKNG) from a buy rating to a hold rating in a research report report published on Thursday morning, The Fly reports.

A number of other analysts have also issued reports on the stock. SunTrust Banks increased their price target on shares of Booking from $2,350.00 to $2,380.00 and gave the stock a buy rating in a research report on Friday, April 13th. Zacks Investment Research lowered shares of Booking from a hold rating to a sell rating in a research report on Saturday, July 14th. Piper Jaffray Companies reissued an overweight rating and issued a $2,300.00 price target on shares of Booking in a research report on Friday, April 27th. ValuEngine lowered shares of Booking from a buy rating to a hold rating in a research report on Friday, May 18th. Finally, Wells Fargo & Co reissued a hold rating and issued a $2,050.00 price target on shares of Booking in a research report on Monday, May 7th. Thirteen investment 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 stock. The company currently has an average rating of Buy and an average price target of $2,154.45.

Shares of Booking traded down $44.73, hitting $1,897.66, during midday trading on Thursday, according to MarketBeat Ratings. The stock had a trading volume of 936,037 shares, compared to its average volume of 432,801. Booking has a fifty-two week low of $1,630.56 and a fifty-two week high of $2,228.99. The stock has a market cap of $93.57 billion, a price-to-earnings ratio of 24.64, a PEG 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 posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $17.34 by $3.33. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.14%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $24.39 earnings per share. analysts anticipate that Booking will post 88.65 earnings per share for the current year.

In related news, CEO Gillian Tans sold 295 shares of the firm’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 document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in Booking by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 8,431 shares of the business services provider’s stock valued at $17,090,000 after purchasing an additional 207 shares during the last quarter. Quantum Capital Management LLC NJ grew its holdings in Booking by 2.0% during the second quarter. Quantum Capital Management LLC NJ now owns 3,006 shares of the business services provider’s stock valued at $6,093,000 after purchasing an additional 58 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Booking during the second quarter valued at approximately $3,093,000. Commerzbank Aktiengesellschaft FI grew its holdings in Booking by 9.2% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 48,015 shares of the business services provider’s stock valued at $97,331,000 after purchasing an additional 4,059 shares during the last quarter. Finally, Richard Bernstein Advisors LLC grew its holdings in Booking by 4.5% during the second quarter. Richard Bernstein Advisors LLC now owns 2,938 shares of the business services provider’s stock valued at $5,956,000 after purchasing an additional 126 shares during the last quarter. 91.50% of the stock is currently 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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