Booking (BKNG) Given a $2,000.00 Price Target by Ascendiant Capital Markets Analysts

Booking (NASDAQ:BKNG) has been assigned a $2,000.00 price objective by research analysts at Ascendiant Capital Markets in a research note issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Ascendiant Capital Markets’ price objective points to a potential upside of 11.50% from the stock’s current price.

A number of other analysts also recently commented on the company. Mizuho dropped their price objective on Booking from $2,130.00 to $2,050.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley upped their price objective on Booking from $1,900.00 to $1,950.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group lowered their price objective on Booking from $2,000.00 to $1,960.00 and set a “neutral” rating on the stock in a research note on Friday. Credit Suisse Group reiterated an “outperform” rating and issued a $2,250.00 price objective (up from $2,235.00) on shares of Booking in a research note on Friday. Finally, ValuEngine lowered Booking from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. Booking currently has a consensus rating of “Hold” and an average price target of $2,069.41.

Shares of BKNG traded up $16.41 during midday trading on Tuesday, reaching $1,793.67. The stock had a trading volume of 388,652 shares, compared to its average volume of 492,884. Booking has a 52 week low of $1,606.27 and a 52 week high of $2,162.91. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market capitalization of $76.71 billion, a PE ratio of 19.37, a P/E/G ratio of 1.33 and a beta of 1.04.



Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). Booking had a return on equity of 44.82% and a net margin of 28.79%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $12.34 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that Booking will post 101.66 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 321 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,751.79, for a total value of $562,324.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total value of $428,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 892 shares of company stock worth $1,579,789. Company insiders own 0.24% of the company’s stock.

Several hedge funds have recently bought and sold shares of BKNG. Guidant Wealth Advisors bought a new stake in shares of Booking in the 1st quarter valued at $26,000. AdvisorNet Financial Inc increased its position in shares of Booking by 850.0% in the 1st quarter. AdvisorNet Financial Inc now owns 19 shares of the business services provider’s stock valued at $33,000 after buying an additional 17 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Booking in the 1st quarter valued at $44,000. Horan Capital Advisors LLC. bought a new stake in shares of Booking in the 1st quarter valued at $49,000. Finally, Hanson McClain Inc. increased its position in shares of Booking by 1,650.0% in the 1st quarter. Hanson McClain Inc. now owns 35 shares of the business services provider’s stock valued at $61,000 after buying an additional 33 shares in the last quarter. 94.14% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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