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).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BKNG shares. Oppenheimer increased their target price on shares of Booking from $2,560.00 to $3,000.00 in a research note on Thursday, May 5th. Morgan Stanley reduced their target price on shares of Booking from $2,820.00 to $2,100.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 23rd. JPMorgan Chase & Co. reduced 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. Susquehanna Bancshares reduced 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 note on Friday, August 5th. Finally, Barclays cut their price target on shares of Booking from $2,390.00 to $2,270.00 and set an "overweight" rating on the stock in a report on Thursday, August 4th. Eight investment 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 MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus price target of $2,557.20.

Booking Stock Up 0.1 %

NASDAQ:BKNG opened at $1,957.21 on Wednesday. Booking has a fifty-two week low of $1,669.34 and a fifty-two week high of $2,715.66. The stock has a market capitalization of $77.71 billion, a P/E ratio of 52.18, a P/E/G ratio of 1.19 and a beta of 1.25. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.45 and a current ratio of 1.45. The company's 50-day simple moving average is $1,920.46 and its 200-day simple moving average is $2,136.68.

Booking (NASDAQ:BKNG - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share for the quarter, beating analysts' consensus estimates 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 company posted ($2.55) EPS. On average, equities analysts anticipate that Booking will post 98.32 earnings per share for the current fiscal year.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 200 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 48,315 shares of the company's stock, valued at approximately $96,639,663. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Glenn D. Fogel sold 200 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 48,315 shares of the company's stock, valued at approximately $96,639,663. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paulo Pisano sold 120 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $2,100.00, for a total transaction of $252,000.00. Following the completion of the transaction, the insider now directly owns 3,003 shares of the company's stock, valued at $6,306,300. The disclosure for this sale can be found here. Insiders sold 470 shares of company stock valued at $952,060 in the last three months. 0.27% of the stock is owned by insiders.