Booking (NASDAQ:BKNG) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Booking (NASDAQ:BKNG) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

BKNG has been the subject of a number of other reports. Deutsche Bank increased their target price on shares of Booking from $2,250.00 to $2,350.00 and gave the company a buy rating in a report on Friday, November 8th. Wedbush boosted their price target on Booking from $1,950.00 to $2,000.00 and gave the stock a neutral rating in a research note on Friday, November 8th. Bank of America cut Booking from a buy rating to a neutral rating in a report on Friday, November 1st. Cowen upped their price target on Booking from $2,300.00 to $2,400.00 and gave the stock a top pick rating in a report on Friday, November 8th. Finally, Zacks Investment Research downgraded Booking from a buy rating to a hold rating and set a $2,153.00 price objective for the company. in a research note on Thursday, September 12th. Eighteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Booking currently has a consensus rating of Hold and a consensus price target of $2,102.31.

NASDAQ:BKNG opened at $1,879.98 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.51. Booking has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,081.81. The stock has a market cap of $79.69 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.10. The firm’s fifty day simple moving average is $1,950.27 and its 200-day simple moving average is $1,905.01.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $45.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $44.87 by $0.49. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Booking had a net margin of 29.05% and a return on equity of 67.17%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $37.78 earnings per share. Equities analysts anticipate that Booking will post 101.39 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Wambolt & Associates LLC raised its position in shares of Booking by 1.3% in the third quarter. Wambolt & Associates LLC now owns 390 shares of the business services provider’s stock valued at $765,000 after buying an additional 5 shares during the last quarter. Beacon Financial Group grew its stake in Booking by 1.3% in the 3rd quarter. Beacon Financial Group now owns 381 shares of the business services provider’s stock worth $741,000 after acquiring an additional 5 shares during the period. First Financial Corp IN raised its holdings in Booking by 10.0% in the 3rd quarter. First Financial Corp IN now owns 55 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 5 shares during the last quarter. Winfield Associates Inc. raised its holdings in Booking by 0.5% in the 3rd quarter. Winfield Associates Inc. now owns 1,000 shares of the business services provider’s stock valued at $1,963,000 after acquiring an additional 5 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in Booking by 0.9% in the 3rd quarter. Kovack Advisors Inc. now owns 560 shares of the business services provider’s stock valued at $1,099,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 92.48% of the company’s stock.

About Booking

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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