Booking (NASDAQ:BKNG) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $2,125.00 to $2,100.00 in a report released on Friday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.75% from the stock’s previous close.
Other analysts have also issued research reports about the company. Mizuho reaffirmed a “buy” rating and issued a $2,150.00 target price (up previously from $2,050.00) on shares of Booking in a report on Thursday, August 8th. Raymond James lowered Booking from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Deutsche Bank lifted their price objective on Booking from $2,250.00 to $2,350.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective on the stock. in a report on Thursday, September 12th. Finally, Cowen reissued a “top pick” rating and set a $2,400.00 price objective (up previously from $2,300.00) on shares of Booking in a report on Friday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $2,114.40.
BKNG opened at $1,879.19 on Friday. The company has a market capitalization of $86.10 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. The business has a 50-day moving average of $1,998.42 and a 200-day moving average of $1,899.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.58 and a quick ratio of 1.58. Booking has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,081.81.
Booking (NASDAQ:BKNG) last released its earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $44.87 by $0.49. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.07 billion. Booking had a return on equity of 56.70% and a net margin of 28.19%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $37.78 EPS. On average, equities research analysts expect that Booking will post 101.98 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Edgewood Management LLC lifted its position in shares of Booking by 0.9% during the 2nd quarter. Edgewood Management LLC now owns 682,058 shares of the business services provider’s stock worth $1,278,661,000 after buying an additional 5,986 shares during the period. Investec Asset Management LTD lifted its position in shares of Booking by 45.2% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the business services provider’s stock worth $946,177,000 after buying an additional 201,869 shares during the period. Morgan Stanley lifted its position in shares of Booking by 2.0% during the 2nd quarter. Morgan Stanley now owns 648,282 shares of the business services provider’s stock worth $1,215,342,000 after buying an additional 12,951 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of Booking by 197,303.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 596,157 shares of the business services provider’s stock worth $59,616,000 after buying an additional 595,855 shares during the period. Finally, Independent Franchise Partners LLP raised its position in Booking by 51.0% in the 2nd quarter. Independent Franchise Partners LLP now owns 357,865 shares of the business services provider’s stock valued at $670,893,000 after purchasing an additional 120,885 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.
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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