Brokerages Set Booking Holdings Inc. (BKNG) Target Price at $2,100.00

Booking Holdings Inc. (NASDAQ:BKNG) has been assigned an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $2,100.00.

A number of analysts have recently weighed in on the stock. Cowen upped their price target on shares of Booking from $2,200.00 to $2,300.00 and gave the stock a “positive” rating in a research note on Thursday, February 21st. Stifel Nicolaus reduced their price target on shares of Booking from $2,150.00 to $1,995.00 and set a “hold” rating for the company in a research note on Thursday, February 28th. Piper Jaffray Companies lowered shares of Booking from an “overweight” rating to a “neutral” rating and cut their price target for the company from $2,100.00 to $1,800.00 in a report on Thursday, February 28th. SunTrust Banks restated a “buy” rating and set a $2,150.00 price target on shares of Booking in a report on Thursday, February 28th. Finally, Atlantic Securities lowered shares of Booking from an “overweight” rating to a “neutral” rating in a report on Thursday, February 28th.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 321 shares of the stock in a transaction on Friday, March 15th. The stock was 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. In the last quarter, insiders sold 865 shares of company stock worth $1,489,405. Company insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. CI Investments Inc. increased its position in Booking by 18.3% in the third quarter. CI Investments Inc. now owns 37,870 shares of the business services provider’s stock worth $75,134,000 after buying an additional 5,865 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Booking by 6.4% in the 3rd quarter. Martingale Asset Management L P now owns 10,936 shares of the business services provider’s stock valued at $21,698,000 after purchasing an additional 660 shares in the last quarter. Standard Life Aberdeen plc increased its stake in shares of Booking by 357.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 183,376 shares of the business services provider’s stock valued at $364,230,000 after purchasing an additional 143,321 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Booking by 2.7% in the 3rd quarter. Riverhead Capital Management LLC now owns 2,332 shares of the business services provider’s stock valued at $4,627,000 after purchasing an additional 61 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Booking by 95.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 10,164 shares of the business services provider’s stock valued at $20,166,000 after purchasing an additional 4,954 shares in the last quarter. Institutional investors own 92.22% of the company’s stock.

Shares of BKNG traded up $12.59 during midday trading on Thursday, hitting $1,818.59. The company had a trading volume of 347,861 shares, compared to its average volume of 495,931. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. Booking has a 52 week low of $1,606.27 and a 52 week high of $2,201.84. The company has a market capitalization of $81.85 billion, a P/E ratio of 19.64, a PEG ratio of 1.38 and a beta of 1.03.

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

About Booking

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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