Investors Sell Booking (BKNG) on Strength (BKNG)

Traders sold shares of Booking Holdings Inc. (NASDAQ:BKNG) on strength during trading on Thursday. $154.52 million flowed into the stock on the tick-up and $175.66 million flowed out of the stock on the tick-down, for a money net flow of $21.14 million out of the stock. Of all stocks tracked, Booking had the 0th highest net out-flow for the day. Booking traded up $20.08 for the day and closed at $2,091.09

Several equities research analysts have weighed in on the company. BidaskClub cut Booking from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo upped their target price on Booking from $1,800.00 to $1,850.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. Vetr upgraded Booking from a “hold” rating to a “buy” rating and set a $2,000.67 target price for the company in a research note on Tuesday, January 30th. Mizuho assumed coverage on Booking in a research note on Thursday, March 22nd. They set a “buy” rating and a $2,600.00 target price for the company. Finally, SunTrust Banks upped their target price on Booking to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and an average price target of $2,092.89.

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The firm has a market cap of $100,975.80, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.89.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $16.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.12 by $2.74. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.70 billion. Booking had a return on equity of 21.12% and a net margin of 18.46%. equities research analysts forecast that Booking Holdings Inc. will post 87.3 EPS for the current fiscal year.

In related news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $2,020.00, for a total value of $505,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Peter J. Millones sold 3,629 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $2,186.98, for a total value of $7,936,550.42. The disclosure for this sale can be found here. Insiders sold 4,419 shares of company stock valued at $9,550,806 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

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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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