Raymond James reissued their outperform rating on shares of Booking (NASDAQ:BKNG) in a report issued on Tuesday. Raymond James currently has a $2,160.00 target price on the business services provider’s stock, up from their previous target price of $1,970.00.

BKNG has been the topic of a number of other research reports. Benchmark reiterated a hold rating on shares of Booking in a research note on Thursday, August 9th. Stifel Nicolaus lowered shares of Booking from a buy rating to a hold rating in a research note on Thursday, August 9th. DA Davidson set a $1,990.00 price objective on shares of Booking and gave the company a hold rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Booking from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Finally, SunTrust Banks reiterated a buy rating and set a $2,300.00 price objective on shares of Booking in a research note on Thursday, August 9th. Thirteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $2,155.87.

NASDAQ BKNG traded down $39.97 during mid-day trading on Tuesday, hitting $1,937.64. The company’s stock had a trading volume of 368,133 shares, compared to its average volume of 474,319. Booking has a 52-week low of $1,682.69 and a 52-week high of $2,228.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.41. The firm has a market capitalization of $92.57 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.58 and a beta of 1.22.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). Booking had a net margin of 19.81% and a return on equity of 26.87%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the business posted $34.43 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Booking will post 89.68 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Booking by 14.6% during the second quarter. FMR LLC now owns 1,428,678 shares of the business services provider’s stock worth $2,896,058,000 after buying an additional 181,931 shares in the last quarter. Morgan Stanley grew its position in shares of Booking by 30.9% during the second quarter. Morgan Stanley now owns 993,158 shares of the business services provider’s stock worth $2,013,218,000 after buying an additional 234,246 shares in the last quarter. Edgewood Management LLC boosted its holdings in Booking by 2.6% in the second quarter. Edgewood Management LLC now owns 679,589 shares of the business services provider’s stock worth $1,377,588,000 after purchasing an additional 17,104 shares during the period. Alliancebernstein L.P. boosted its holdings in Booking by 29.8% in the third quarter. Alliancebernstein L.P. now owns 641,864 shares of the business services provider’s stock worth $1,273,458,000 after purchasing an additional 147,415 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Booking by 25.4% in the second quarter. Jennison Associates LLC now owns 589,299 shares of the business services provider’s stock worth $1,194,562,000 after purchasing an additional 119,238 shares during the period. 91.99% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Booking (NASDAQ:BKNG)

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