Booking (NASDAQ:BKNG) Rating Reiterated by Benchmark

Booking (NASDAQ:BKNG)‘s stock had its “hold” rating restated by equities research analysts at Benchmark in a note issued to investors on Friday, Benzinga reports.

BKNG has been the topic of several other reports. Erste Group Bank reissued a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Evercore ISI boosted their target price on Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Friday. Susquehanna raised their target price on Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. Wells Fargo & Company lowered their price target on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Finally, DA Davidson raised their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,823.00.

Booking Trading Up 3.0 %

NASDAQ:BKNG opened at $3,577.38 on Friday. The stock has a 50 day moving average of $3,524.43 and a two-hundred day moving average of $3,399.84. Booking has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The firm has a market cap of $121.70 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $11.60 earnings per share. On average, research analysts forecast that Booking will post 176.46 earnings per share for the current year.

Insider Buying and Selling at Booking

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the sale, the director now owns 289 shares in the company, valued at $1,069,300. The disclosure for this sale can be found here. Insiders sold 5,483 shares of company stock valued at $18,891,445 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently modified their holdings of the company. Activest Wealth Management purchased a new stake in Booking during the 4th quarter worth about $25,000. Naples Money Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new stake in Booking during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC acquired a new position in Booking in the fourth quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Booking in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.