Booking (NASDAQ:BKNG) Stock Rating Lowered by Gordon Haskett

Booking (NASDAQ:BKNGGet Rating) was downgraded by research analysts at Gordon Haskett from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.

A number of other research analysts have also weighed in on the stock. TheStreet raised shares of Booking from a “c+” rating to a “b-” rating in a research note on Monday, December 12th. Mizuho reduced their price objective on Booking from $2,300.00 to $2,170.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Morgan Stanley upped their target price on Booking from $2,150.00 to $2,300.00 and gave the company an “equal weight” rating in a report on Wednesday, January 18th. JPMorgan Chase & Co. lifted their price target on Booking from $2,300.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. Finally, Barclays boosted their price target on shares of Booking from $2,430.00 to $2,550.00 in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,475.62.

Booking Stock Up 0.0 %

Shares of BKNG opened at $2,402.34 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.36. The firm has a market cap of $93.19 billion, a P/E ratio of 39.45, a PEG ratio of 1.21 and a beta of 1.26. Booking has a 12 month low of $1,616.85 and a 12 month high of $2,715.66. The stock’s 50 day moving average is $2,076.77 and its two-hundred day moving average is $1,935.26.

Booking (NASDAQ:BKNGGet Rating) last announced its earnings results on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $49.40 by $3.63. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Booking had a net margin of 15.23% and a return on equity of 81.11%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $37.70 EPS. Analysts predict that Booking will post 95.72 earnings per share for the current fiscal year.

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $1,966.84, for a total transaction of $68,839.40. Following the sale, the director now directly owns 758 shares in the company, valued at $1,490,864.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the transaction, the director now owns 758 shares of the company’s stock, valued at approximately $1,490,864.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,400 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $2,320.41, for a total transaction of $3,248,574.00. Following the completion of the transaction, the chief executive officer now owns 43,804 shares of the company’s stock, valued at approximately $101,643,239.64. The disclosure for this sale can be found here. Insiders sold 2,120 shares of company stock worth $4,893,155 in the last three months. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Booking

Hedge funds have recently bought and sold shares of the stock. Activest Wealth Management purchased a new stake in shares of Booking during the third quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new position in Booking in the second quarter worth approximately $26,000. MV Capital Management Inc. grew its holdings in Booking by 63.6% during the 2nd quarter. MV Capital Management Inc. now owns 18 shares of the business services provider’s stock worth $31,000 after acquiring an additional 7 shares in the last quarter. St. James Investment Advisors LLC increased its position in shares of Booking by 50.0% in the 3rd quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 7 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Booking during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

Booking Company Profile

(Get Rating)

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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