Booking Holdings Inc. (NASDAQ:BKNG) has been assigned a consensus rating of “Hold” from the thirty-two brokerages that are covering the company, Marketbeat.com reports. Eighteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $1,711.38.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Booking from $1,550.00 to $1,450.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $1,750.00 target price (down previously from $2,000.00) on shares of Booking in a research note on Tuesday, May 5th. SunTrust Banks reduced their target price on shares of Booking from $2,070.00 to $2,030.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Zacks Investment Research upgraded shares of Booking from a “sell” rating to a “hold” rating and set a $1,434.00 target price for the company in a research note on Thursday, March 26th. Finally, BTIG Research assumed coverage on shares of Booking in a research note on Wednesday, June 10th. They issued a “neutral” rating for the company.

NASDAQ BKNG traded down $15.09 during trading hours on Friday, reaching $1,578.13. 11,271 shares of the company were exchanged, compared to its average volume of 556,162. Booking has a 1 year low of $1,107.29 and a 1 year high of $2,094.00. The business’s 50 day simple moving average is $1,612.54 and its 200-day simple moving average is $1,687.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $63.08 billion, a P/E ratio of 20.05, a P/E/G ratio of 7.68 and a beta of 1.05.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.12 by ($2.35). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Booking had a return on equity of 78.22% and a net margin of 23.43%. The business’s quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the business posted $11.17 EPS. As a group, sell-side analysts anticipate that Booking will post 17.72 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in BKNG. Capital Wealth Planning LLC increased its holdings in Booking by 5.6% in the 4th quarter. Capital Wealth Planning LLC now owns 114 shares of the business services provider’s stock worth $234,000 after acquiring an additional 6 shares in the last quarter. Sowell Financial Services LLC increased its holdings in Booking by 1.8% in the 1st quarter. Sowell Financial Services LLC now owns 447 shares of the business services provider’s stock worth $601,000 after acquiring an additional 8 shares in the last quarter. Ameritas Investment Company LLC increased its holdings in Booking by 17.4% in the 1st quarter. Ameritas Investment Company LLC now owns 54 shares of the business services provider’s stock worth $73,000 after acquiring an additional 8 shares in the last quarter. AGF Investments America Inc. increased its holdings in Booking by 1.3% in the 1st quarter. AGF Investments America Inc. now owns 723 shares of the business services provider’s stock worth $973,000 after acquiring an additional 9 shares in the last quarter. Finally, High Pointe Capital Management LLC increased its holdings in Booking by 1.1% in the 4th quarter. High Pointe Capital Management LLC now owns 931 shares of the business services provider’s stock worth $1,912,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

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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