Booking (NASDAQ:BKNG) had its price target increased by analysts at Needham & Company LLC from $2,000.00 to $2,500.00 in a report released on Thursday, March 15th, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective suggests a potential upside of 22.95% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. Argus upgraded shares of Booking from a “hold” rating to a “buy” rating and set a $2,520.00 target price for the company in a research report on Thursday, March 8th. Oppenheimer upped their price target on shares of Booking from $2,275.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 1st. MKM Partners restated a “neutral” rating and set a $2.00 price target on shares of Booking in a research report on Wednesday, February 28th. Royal Bank of Canada upped their price target on shares of Booking to $2,500.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo restated a “market perform” rating and set a $1,975.00 price target (up from $1,850.00) on shares of Booking in a research report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $2,092.89.
NASDAQ:BKNG traded down $57.68 during midday trading on Thursday, hitting $2,033.41. The company had a trading volume of 350,440 shares, compared to its average volume of 388,021. Booking has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The firm has a market capitalization of $98,191.34, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.58 and a current ratio of 2.58.
Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.12 by $2.74. Booking had a net margin of 18.46% and a return on equity of 21.12%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.70 billion. sell-side analysts forecast that Booking will post 87.3 EPS for the current fiscal year.
In related news, VP Peter J. Millones sold 3,629 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 295 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $2,190.01, for a total transaction of $646,052.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,419 shares of company stock valued at $9,550,806. 0.24% of the stock is currently owned by company insiders.
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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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