Booking - BKNG Stock Forecast, Price & News

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. Its other brands include KAYAK, Rentalcars.com and OpenTable, Inc. (OpenTable). As of December 31, 2016, Booking.com offered accommodation reservation services for over 1,115,000 properties in over 220 countries and territories on its various Websites and in over 40 languages, which included over 568,000 vacation rental properties (updated property counts were available on the Booking.com Website).

Analyst Upgrades and Downgrades

BKNG has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Booking from $2,900.00 to $2,435.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 29th. The Goldman Sachs Group decreased their price target on shares of Booking from $2,460.00 to $2,360.00 and set a "neutral" rating for the company in a research note on Thursday, June 9th. Atlantic Securities decreased their price target on shares of Booking to $2,100.00 in a research note on Tuesday. Truist Financial reduced their target price on shares of Booking from $3,000.00 to $2,600.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. Finally, Citigroup increased their price target on shares of Booking from $2,600.00 to $2,800.00 in a report on Thursday, May 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,557.20.

Booking Stock Up 3.4 %

Shares of NASDAQ:BKNG opened at $2,023.69 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.22. The company has a fifty day simple moving average of $1,920.46 and a 200 day simple moving average of $2,136.68. The firm has a market cap of $80.35 billion, a PE ratio of 53.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25. Booking has a 12-month low of $1,669.34 and a 12-month high of $2,715.66.

Booking (NASDAQ:BKNG - Get Rating) last released its earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share for the quarter, beating the consensus estimate of $17.93 by $1.15. Booking had a net margin of 10.54% and a return on equity of 62.69%. During the same quarter last year, the business earned ($2.55) earnings per share. On average, equities research analysts anticipate that Booking will post 98.32 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 200 shares of the business's stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total transaction of $400,040.00. Following the completion of the sale, the chief executive officer now owns 48,315 shares in the company, valued at $96,639,663. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO David I. Goulden sold 150 shares of the business's stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $2,000.13, for a total transaction of $300,019.50. Following the completion of the transaction, the chief financial officer now owns 6,269 shares of the company's stock, valued at $12,538,814.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 200 shares of the business's stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total transaction of $400,040.00. Following the transaction, the chief executive officer now directly owns 48,315 shares of the company's stock, valued at approximately $96,639,663. The disclosure for this sale can be found here. Insiders sold a total of 470 shares of company stock worth $952,060 over the last 90 days. Insiders own 0.27% of the company's stock.