Booking (NASDAQ:BKNG) had its target price upped by Royal Bank of Canada to $2,425.00 in a report released on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the business services provider’s stock.

BKNG has been the subject of a number of other reports. Zacks Investment Research lowered Booking from a hold rating to a sell rating in a research note on Saturday, July 14th. Jefferies Financial Group lowered Booking from a neutral rating to a hold rating and set a $2,060.00 target price for the company. in a research note on Friday, August 10th. Morgan Stanley restated an overweight rating and issued a $2,200.00 target price (up from $2,100.00) on shares of Booking in a research note on Wednesday, July 11th. Cowen set a $2,375.00 target price on Booking and gave the company a buy rating in a research note on Saturday, August 11th. Finally, SunTrust Banks restated a buy rating and issued a $2,300.00 target price on shares of Booking in a research note on Tuesday, July 10th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Booking presently has a consensus rating of Buy and an average price target of $2,155.87.

Shares of NASDAQ:BKNG traded down $39.97 during midday trading on Tuesday, reaching $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 fifty-two week low of $1,682.69 and a fifty-two week high of $2,228.99. The firm has a market cap of $92.57 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.41.

Booking (NASDAQ:BKNG) last announced its earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $4.81 billion. During the same quarter last year, the business posted $34.43 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Booking will post 89.68 EPS for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Investment House LLC raised its position in shares of Booking by 1.2% during the third quarter. Investment House LLC now owns 5,396 shares of the business services provider’s stock worth $10,706,000 after purchasing an additional 64 shares during the period. Sentry Investment Management LLC raised its position in shares of Booking by 28.5% during the second quarter. Sentry Investment Management LLC now owns 4,641 shares of the business services provider’s stock worth $9,408,000 after purchasing an additional 1,030 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of Booking by 0.9% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 4,364 shares of the business services provider’s stock worth $8,846,000 after purchasing an additional 37 shares during the period. Andra AP fonden raised its position in shares of Booking by 57.1% during the second quarter. Andra AP fonden now owns 1,100 shares of the business services provider’s stock worth $2,230,000 after purchasing an additional 400 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its position in shares of Booking by 2.5% during the second quarter. Douglass Winthrop Advisors LLC now owns 16,162 shares of the business services provider’s stock worth $32,762,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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