Investors Buy Shares of Booking (BKNG) on Weakness

Traders bought shares of Booking Holdings Inc. (NASDAQ:BKNG) on weakness during trading hours on Tuesday. $343.04 million flowed into the stock on the tick-up and $285.79 million flowed out of the stock on the tick-down, for a money net flow of $57.25 million into the stock. Of all stocks tracked, Booking had the 22nd highest net in-flow for the day. Booking traded down ($36.09) for the day and closed at $2,170.00

BKNG has been the topic of several research analyst reports. Zacks Investment Research cut Booking from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Piper Jaffray Companies increased their target price on Booking to $2,100.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Argus cut Booking from a “buy” rating to a “hold” rating and increased their target price for the stock from $1,459.49 to $1,739.71 in a report on Friday, December 1st. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on Booking from $1,800.00 to $1,850.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Booking in a report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Booking currently has a consensus rating of “Buy” and a consensus price target of $2,029.65.

The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a market cap of $106,530.00, a P/E ratio of 30.43, a PEG ratio of 1.43 and a beta of 1.27.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.12 by $2.74. Booking had a return on equity of 21.12% and a net margin of 18.46%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.70 billion. analysts expect that Booking Holdings Inc. will post 87.13 EPS for the current year.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,930.71, for a total value of $235,546.62. Following the completion of the transaction, the chief executive officer now directly owns 5,188 shares in the company, valued at approximately $10,016,523.48. The disclosure for this sale can be found here. Insiders sold 617 shares of company stock worth $1,184,501 in the last three months. Insiders own 0.24% of the company’s stock.

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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, and brands.

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