Booking (NASDAQ:BKNG) had its price objective lifted by Bank of America from $2,150.00 to $2,300.00 in a report published on Tuesday. Bank of America currently has a buy rating on the business services provider’s stock.

Other analysts also recently issued reports about the stock. Benchmark reiterated a hold rating on shares of Booking in a research report on Thursday, August 9th. Stifel Nicolaus downgraded shares of Booking from a buy rating to a hold rating in a research report on Thursday, August 9th. DA Davidson set a $1,990.00 price target on shares of Booking and gave the company a hold rating in a research report on Friday, August 10th. ValuEngine upgraded shares of Booking from a sell rating to a hold rating in a research report on Wednesday, August 22nd. Finally, SunTrust Banks reiterated a buy rating and issued a $2,300.00 price target on shares of Booking in a research report on Thursday, August 9th. Thirteen research analysts have rated the stock with a hold rating, seventeen 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 target price of $2,155.87.

Shares of NASDAQ:BKNG traded down $39.97 during mid-day trading on Tuesday, reaching $1,937.64. The stock had a trading volume of 368,133 shares, compared to its average volume of 474,319. The company has a market capitalization of $92.57 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.41 and a quick ratio of 1.92. Booking has a twelve month low of $1,682.69 and a twelve month high of $2,228.99.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $34.43 earnings per share. Equities research analysts expect that Booking will post 89.68 earnings per share for the current year.

In other news, CEO Gillian Tans sold 295 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $1,917.94, for a total transaction of $565,792.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in shares of Booking in the second quarter valued at $109,000. LFA Lugano Financial Advisors SA bought a new position in shares of Booking in the third quarter valued at $109,000. Harvest Fund Management Co. Ltd grew its stake in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock valued at $114,000 after buying an additional 26 shares in the last quarter. First Manhattan Co. grew its stake in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock valued at $115,000 after buying an additional 27 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in shares of Booking in the second quarter valued at $126,000. 91.99% of the stock is owned by 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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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