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).

Booking Price Performance

BKNG traded up $57.22 during trading hours on Friday, hitting $2,120.98. The company's stock had a trading volume of 329,249 shares, compared to its average volume of 442,289. The business's 50-day moving average price is $1,910.00 and its 200-day moving average price is $2,133.91. Booking has a 12 month low of $1,669.34 and a 12 month high of $2,715.66. The stock has a market cap of $84.22 billion, a price-to-earnings ratio of 56.54, a P/E/G ratio of 1.27 and a beta of 1.25. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.22.

Booking (NASDAQ:BKNG - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share 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 in the previous year, the firm earned ($2.55) EPS. Sell-side analysts expect that Booking will post 96.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of analyst reports. Credit Suisse Group reduced their price objective on shares of Booking from $2,985.00 to $2,650.00 and set an "outperform" rating for the company in a research note on Thursday, August 4th. Susquehanna Bancshares reduced their price objective on shares of Booking from $2,900.00 to $2,800.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Evercore ISI reduced their price objective on shares of Booking to $2,400.00 in a research note on Tuesday. Barclays reduced their price objective on shares of Booking from $2,390.00 to $2,270.00 and set an "overweight" rating for the company in a research note on Thursday, August 4th. Finally, Susquehanna reduced their price target on shares of Booking from $2,900.00 to $2,800.00 and set a "positive" rating for the company in a research note on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Booking currently has an average rating of "Moderate Buy" and an average price target of $2,557.20.

Insider Buying and Selling

In other Booking 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 transaction, the chief financial officer now owns 6,269 shares in the company, valued at $12,538,814.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Glenn D. Fogel sold 200 shares of the company's stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total value of $400,040.00. Following the transaction, the chief executive officer now directly owns 48,315 shares in the company, valued at $96,639,663. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David I. Goulden sold 150 shares of the company's stock in a transaction dated Wednesday, June 15th. The stock was 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 in the company, valued at $12,538,814.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 470 shares of company stock worth $952,060. Insiders own 0.24% of the company's stock.