Booking (NASDAQ:BKNG) Downgraded by StockNews.com

Booking (NASDAQ:BKNG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

BKNG has been the subject of a number of other reports. Barclays decreased their price target on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. JMP Securities boosted their target price on Booking from $3,600.00 to $3,950.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Susquehanna boosted their target price on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a report on Monday, February 26th. B. Riley started coverage on Booking in a report on Wednesday, April 3rd. They issued a “buy” rating and a $4,400.00 target price for the company. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Booking in a report on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,723.41.

Booking Stock Performance

NASDAQ BKNG traded down $62.77 during trading on Tuesday, reaching $3,452.03. 232,140 shares of the company’s stock were exchanged, compared to its average volume of 264,473. The stock has a market cap of $117.44 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The company has a 50 day moving average price of $3,538.09 and a two-hundred day moving average price of $3,394.91. Booking has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. Booking’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $24.74 EPS. Research analysts forecast that Booking will post 176.1 EPS for the current fiscal year.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the sale, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,461 shares of company stock valued at $18,815,825. 0.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Howard Financial Services LTD. lifted its stake in shares of Booking by 2.4% during the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock worth $458,000 after purchasing an additional 3 shares during the period. Diversified Trust Co lifted its stake in shares of Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after purchasing an additional 3 shares during the period. Rockland Trust Co. lifted its stake in shares of Booking by 3.5% during the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Booking by 4.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3 shares during the period. Finally, Bristlecone Advisors LLC increased its holdings in shares of Booking by 0.3% during the 1st quarter. Bristlecone Advisors LLC now owns 894 shares of the business services provider’s stock worth $3,243,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

About Booking

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.