Booking (NASDAQ:BKNG) had its price objective increased by Morgan Stanley from $1,900.00 to $2,085.00 in a research report report published on Thursday, Anlyst Ratings reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. JMP Securities restated a market outperform rating and set a $2,000.00 price objective on shares of Booking in a report on Monday, August 10th. Jefferies Financial Group reiterated a hold rating and issued a $1,600.00 target price (up previously from $1,300.00) on shares of Booking in a report on Wednesday, July 29th. They noted that the move was a valuation call. Needham & Company LLC reiterated a buy rating and issued a $2,000.00 target price (up previously from $1,750.00) on shares of Booking in a report on Friday, August 7th. BidaskClub downgraded shares of Booking from a hold rating to a sell rating in a report on Wednesday, September 16th. Finally, Goldman Sachs Group raised their price objective on shares of Booking from $1,200.00 to $1,500.00 and gave the stock a neutral rating in a report on Monday, July 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Booking presently has a consensus rating of Hold and a consensus target price of $1,840.41.

Shares of NASDAQ BKNG opened at $1,667.87 on Thursday. The firm has a market cap of $68.30 billion, a PE ratio of 28.15, a P/E/G ratio of 5.54 and a beta of 1.16. Booking has a 12-month low of $1,107.29 and a 12-month high of $2,094.00. The company’s fifty day simple moving average is $1,789.06 and its 200 day simple moving average is $1,643.00. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 2.89.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 6th. The business services provider reported ($10.81) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($11.87) by $1.06. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $592.94 million. Booking had a net margin of 22.52% and a return on equity of 53.57%. Booking’s revenue was down 83.6% on a year-over-year basis. During the same period in the prior year, the firm earned $23.59 earnings per share. On average, equities analysts predict that Booking will post 20.29 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB bought a new stake in shares of Booking during the 2nd quarter valued at $15,140,000. Raymond James Trust N.A. lifted its stake in shares of Booking by 25.3% during the second quarter. Raymond James Trust N.A. now owns 866 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 175 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Booking during the first quarter worth about $9,553,000. Zeke Capital Advisors LLC purchased a new stake in shares of Booking during the second quarter worth about $301,000. Finally, Chartwell Investment Partners LLC increased its position in shares of Booking by 20.5% during the second quarter. Chartwell Investment Partners LLC now owns 659 shares of the business services provider’s stock worth $1,049,000 after acquiring an additional 112 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

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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