Booking Holdings Inc. (NASDAQ:BKNG) Receives $2,087.41 Average Target Price from Brokerages

Booking Holdings Inc. (NASDAQ:BKNG) has been assigned a consensus rating of “Hold” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $2,087.41.

A number of equities analysts have issued reports on BKNG shares. ValuEngine downgraded Booking from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Deutsche Bank lifted their price target on Booking from $2,175.00 to $2,275.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Zacks Investment Research downgraded Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price target for the company. in a research note on Thursday, September 12th. Mizuho reiterated a “buy” rating and set a $2,150.00 price target (up previously from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $2,100.00 price target (down previously from $2,150.00) on shares of Booking in a research note on Thursday, August 8th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wambolt & Associates LLC boosted its stake in shares of Booking by 1.3% in the 3rd quarter. Wambolt & Associates LLC now owns 390 shares of the business services provider’s stock worth $765,000 after buying an additional 5 shares during the last quarter. Beacon Financial Group boosted its stake in shares of Booking by 1.3% in the 3rd quarter. Beacon Financial Group now owns 381 shares of the business services provider’s stock worth $741,000 after buying an additional 5 shares during the last quarter. First Financial Corp IN boosted its stake in shares of Booking by 10.0% in the 3rd quarter. First Financial Corp IN now owns 55 shares of the business services provider’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of Booking by 0.5% in the 3rd quarter. Winfield Associates Inc. now owns 1,000 shares of the business services provider’s stock worth $1,963,000 after buying an additional 5 shares during the last quarter. Finally, FTB Advisors Inc. boosted its stake in shares of Booking by 14.3% in the 2nd quarter. FTB Advisors Inc. now owns 48 shares of the business services provider’s stock worth $89,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 92.27% of the company’s stock.

Booking stock traded up $11.52 during midday trading on Monday, reaching $2,043.75. The stock had a trading volume of 173,400 shares, compared to its average volume of 398,569. Booking has a 12 month low of $1,606.27 and a 12 month high of $2,081.81. The company has a market capitalization of $86.30 billion, a P/E ratio of 22.07, a PEG ratio of 1.51 and a beta of 1.12. The company has a fifty day moving average price of $2,000.51 and a two-hundred day moving average price of $1,884.48. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74.

Booking (NASDAQ:BKNG) last issued its earnings results on Wednesday, August 7th. The business services provider reported $23.59 EPS for the quarter, beating analysts’ consensus estimates of $22.80 by $0.79. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $20.13 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Booking will post 102.19 earnings per share for the current fiscal year.

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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