Booking Holdings Inc. (NASDAQ:BKNG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have earned a consensus rating of “Hold” from the twenty-nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2,076.57.

BKNG has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $2,100.00 price target (down previously from $2,150.00) on shares of Booking 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 on the stock. in a research note on Thursday, September 12th. Cowen upped their price target on Booking from $2,300.00 to $2,400.00 and gave the stock a “top pick” rating in a research note on Friday, November 8th. UBS Group upped their price target on Booking from $1,960.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Co downgraded Booking from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $2,000.00 to $2,150.00 in a research note on Thursday, September 26th.

Booking stock opened at $1,865.55 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $79.36 billion, a P/E ratio of 20.15, a PEG ratio of 1.47 and a beta of 1.12. The stock’s 50 day moving average is $1,983.13 and its 200 day moving average is $1,899.39. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,081.81.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share for the quarter, topping the consensus estimate of $44.87 by $0.49. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.07 billion. Booking had a return on equity of 67.17% and a net margin of 29.05%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $37.78 EPS. As a group, equities analysts expect that Booking will post 101.39 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BKNG. Thomasville National Bank lifted its holdings in shares of Booking by 2.5% during the 2nd quarter. Thomasville National Bank now owns 6,292 shares of the business services provider’s stock valued at $11,796,000 after buying an additional 154 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Booking by 26.0% during the 2nd quarter. Fulton Bank N.A. now owns 1,623 shares of the business services provider’s stock valued at $3,042,000 after buying an additional 335 shares during the period. Winfield Associates Inc. lifted its holdings in shares of Booking by 1.0% during the 2nd quarter. Winfield Associates Inc. now owns 995 shares of the business services provider’s stock valued at $1,865,000 after buying an additional 10 shares during the period. Metropolis Capital Ltd bought a new position in shares of Booking during the 2nd quarter valued at $24,915,000. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Booking by 30.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 567 shares of the business services provider’s stock valued at $1,088,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 92.43% 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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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