Booking (NASDAQ:BKNG) Now Covered by The Goldman Sachs Group

Research analysts at The Goldman Sachs Group started coverage on shares of Booking (NASDAQ:BKNG) in a report released on Monday, Analyst Ratings Network reports. The brokerage set a “neutral” rating and a $2,230.00 price target on the business services provider’s stock. The Goldman Sachs Group’s target price points to a potential downside of 4.24% from the stock’s previous close.

Other research analysts have also issued reports about the company. Credit Suisse Group upped their price target on Booking from $2,675.00 to $3,100.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Stifel Nicolaus boosted their price objective on Booking from $2,400.00 to $2,450.00 and gave the company a “hold” rating in a research report on Thursday, August 5th. Finally, Piper Sandler boosted their price objective on Booking from $2,345.00 to $2,375.00 and gave the company a “neutral” rating in a research report on Thursday, August 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Booking presently has an average rating of “Hold” and an average price target of $2,477.35.

Shares of BKNG opened at $2,328.66 on Monday. The business’s 50-day moving average price is $2,208.70 and its 200 day moving average price is $2,285.93. The stock has a market capitalization of $95.61 billion, a P/E ratio of 231.71, a P/E/G ratio of 3.31 and a beta of 1.26. Booking has a 1-year low of $1,589.00 and a 1-year high of $2,516.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 2.25.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, August 3rd. The business services provider reported ($2.55) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.69) by $0.14. Booking had a return on equity of 3.32% and a net margin of 5.77%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted ($10.81) EPS. The firm’s quarterly revenue was up 242.9% compared to the same quarter last year. On average, research analysts predict that Booking will post 42.24 earnings per share for the current year.

In other news, CFO David I. Goulden sold 183 shares of the firm’s stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $2,173.00, for a total transaction of $397,659.00. Following the sale, the chief financial officer now owns 4,772 shares of the company’s stock, valued at $10,369,556. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. grew its holdings in shares of Booking by 3.5% during the first quarter. Koshinski Asset Management Inc. now owns 146 shares of the business services provider’s stock worth $340,000 after buying an additional 5 shares in the last quarter. BerganKDV Wealth Management LLC grew its holdings in shares of Booking by 0.9% during the first quarter. BerganKDV Wealth Management LLC now owns 592 shares of the business services provider’s stock worth $1,379,000 after buying an additional 5 shares in the last quarter. Sargent Bickham Lagudis LLC grew its holdings in shares of Booking by 10.6% during the first quarter. Sargent Bickham Lagudis LLC now owns 52 shares of the business services provider’s stock worth $121,000 after buying an additional 5 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Booking by 1.1% during the second quarter. Stratos Wealth Partners LTD. now owns 456 shares of the business services provider’s stock worth $998,000 after buying an additional 5 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. grew its stake in Booking by 3.3% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 158 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 89.68% 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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