Morgan Stanley restated their equal weight rating on shares of Booking (NASDAQ:BKNG) in a research report report published on Monday morning, BenzingaRatingsTable reports.

A number of other analysts also recently commented on the company. UBS Group set a $133.00 target price on LHC Group and gave the stock a buy rating in a research note on Friday, May 10th. Cleveland Research assumed coverage on Tripadvisor in a research note on Wednesday, June 19th. They issued a neutral rating on the stock. Needham & Company LLC assumed coverage on Booking in a research note on Monday, May 20th. They issued a buy rating and a $2,200.00 target price on the stock. Stifel Nicolaus restated a hold rating on shares of NEXT in a research note on Monday, April 29th. Finally, SunTrust Banks lowered their target price on Perrigo to $46.00 and set a hold rating on the stock in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $2,060.52.

Shares of BKNG opened at $1,867.74 on Monday. Booking has a 52 week low of $1,606.27 and a 52 week high of $2,131.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $81.77 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. The business has a 50-day moving average of $1,825.52.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing analysts’ consensus estimates of $11.26 by ($0.09). Booking had a return on equity of 48.32% and a net margin of 28.79%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company earned $12.34 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts expect that Booking will post 100.86 EPS for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 606 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $1,791.14, for a total transaction of $1,085,430.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $1,755.75, for a total value of $438,937.50. The disclosure for this sale can be found here. Insiders sold a total of 1,462 shares of company stock valued at $2,602,200 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Booking by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 137,675 shares of the business services provider’s stock worth $237,138,000 after buying an additional 2,878 shares in the last quarter. Geode Capital Management LLC grew its stake in Booking by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 615,306 shares of the business services provider’s stock worth $1,057,996,000 after buying an additional 23,591 shares in the last quarter. QS Investors LLC grew its stake in Booking by 74.6% during the fourth quarter. QS Investors LLC now owns 1,474 shares of the business services provider’s stock worth $2,539,000 after buying an additional 630 shares in the last quarter. Two Sigma Advisers LP grew its stake in Booking by 908.7% during the fourth quarter. Two Sigma Advisers LP now owns 3,601 shares of the business services provider’s stock worth $6,202,000 after buying an additional 3,244 shares in the last quarter. Finally, First Foundation Advisors grew its stake in Booking by 178.6% during the fourth quarter. First Foundation Advisors now owns 638 shares of the business services provider’s stock worth $1,099,000 after buying an additional 409 shares in the last quarter. 92.89% of the stock is owned by institutional investors and hedge funds.

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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