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 Ratings Changes
Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of Booking from $2,800.00 to $2,285.00 and set a "buy" rating on the stock in a research report on Monday, August 1st. Ascendiant Capital Markets set a $2,555.00 target price on shares of Booking in a research report on Monday, June 20th. Susquehanna Bancshares dropped their target price on shares of Booking from $2,900.00 to $2,800.00 and set a "positive" rating on the stock in a research report on Friday, August 5th. JPMorgan Chase & Co. dropped 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 report on Wednesday, June 29th. Finally, Evercore ISI dropped their target price on shares of Booking to $2,400.00 in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus target price of $2,557.20.
Booking Price Performance
Shares of NASDAQ:BKNG opened at $2,063.76 on Friday. The firm has a market cap of $81.94 billion, a PE ratio of 55.02, a PEG ratio of 1.23 and a beta of 1.25. The firm has a fifty day moving average of $1,916.17 and a 200 day moving average of $2,135.90. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.45 and a current ratio of 1.45. Booking has a one year low of $1,669.34 and a one year high of $2,715.66.
Booking (NASDAQ:BKNG - Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 EPS for the quarter, topping 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 period last year, the firm posted ($2.55) earnings per share. As a group, research analysts predict that Booking will post 96.21 EPS for the current fiscal year.
Insider Transactions at Booking
In other news, CEO Glenn D. Fogel sold 200 shares of the company'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 of the company's stock, valued at $96,639,663. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Glenn D. Fogel sold 200 shares of the company'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 of the company's stock, valued at $96,639,663. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paulo Pisano sold 120 shares of the company's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $2,100.00, for a total transaction of $252,000.00. Following the sale, the insider now directly owns 3,003 shares of the company's stock, valued at approximately $6,306,300. The disclosure for this sale can be found here. Insiders sold 470 shares of company stock valued at $952,060 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.