Citigroup downgraded shares of Booking (NASDAQ:BKNG) from a buy rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports.

A number of other research firms have also commented on BKNG. Deutsche Bank restated a hold rating and set a $2,175.00 price target on shares of Booking in a research report on Tuesday, May 8th. They noted that the move was a valuation call. Royal Bank of Canada restated an outperform rating on shares of Booking in a research report on Thursday, May 10th. Wells Fargo & Co restated a hold rating and set a $2,050.00 price target on shares of Booking in a research report on Monday, May 7th. Oppenheimer increased their price target on Booking from $2,275.00 to $2,500.00 and gave the stock an outperform rating in a research report on Thursday, May 3rd. Finally, Benchmark lowered Booking from a buy rating to a hold rating in a research report on Friday, June 22nd. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $2,144.86.

Shares of BKNG stock traded down $44.73 during trading hours on Friday, hitting $1,897.66. The company had a trading volume of 936,037 shares, compared to its average volume of 366,625. Booking has a 12 month low of $1,630.56 and a 12 month high of $2,228.99. The firm has a market cap of $98.52 billion, a P/E ratio of 24.64, a P/E/G ratio of 1.58 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.87.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $20.67 earnings per share for the quarter, beating the consensus estimate of $17.34 by $3.33. Booking had a return on equity of 22.03% and a net margin of 18.90%. The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the company posted $24.39 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. sell-side analysts forecast that Booking will post 88.63 EPS for the current year.

In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, July 16th. The stock was 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 SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of BKNG. Fortis Advisors LLC acquired a new position in shares of Booking in the 1st quarter valued at $104,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Booking in the 1st quarter valued at $104,000. C WorldWide Group Holding A S acquired a new position in shares of Booking in the 1st quarter valued at $104,000. Whittier Trust Co. acquired a new position in shares of Booking in the 1st quarter valued at $108,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Booking in the 2nd quarter valued at $109,000. 91.50% of the stock is currently owned by hedge funds and other institutional investors.

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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