Booking (NASDAQ:BKNG) Stock Rating Lowered by StockNews.com

Booking (NASDAQ:BKNGGet Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. UBS Group increased their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Tigress Financial upped their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 28th. JPMorgan Chase & Co. upped their target price on shares of Booking from $3,560.00 to $3,950.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Edward Jones restated a “hold” rating on shares of Booking in a research report on Friday, February 16th. Finally, TD Cowen upped their target price on shares of Booking from $3,250.00 to $4,000.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $3,697.38.

Read Our Latest Analysis on Booking

Booking Stock Down 0.1 %

Shares of NASDAQ:BKNG opened at $3,566.09 on Wednesday. Booking has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The company’s 50-day moving average price is $3,587.64 and its two-hundred day moving average price is $3,327.17. The firm has a market cap of $121.85 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.10 and a beta of 1.40.

Booking (NASDAQ:BKNGGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the firm earned $24.74 EPS. The company’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts predict that Booking will post 175.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $815,101.57. The disclosure for this sale can be found here. In the last three months, insiders sold 6,467 shares of company stock valued at $22,299,114. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Booking

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Booking in the fourth quarter valued at $1,068,137,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Booking by 3,557.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 142,166 shares of the business services provider’s stock valued at $333,870,000 after buying an additional 138,279 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Booking by 61.6% in the fourth quarter. Alliancebernstein L.P. now owns 295,891 shares of the business services provider’s stock valued at $596,303,000 after buying an additional 112,831 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Booking by 2,479.0% in the fourth quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after buying an additional 112,249 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in Booking during the 4th quarter valued at $222,919,000. 92.42% of the stock is owned by institutional investors.

Booking Company Profile

(Get Free Report)

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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