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 Stock Performance

Shares of NASDAQ:BKNG opened at $2,151.34 on Wednesday. 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 stock has a 50 day moving average price of $1,897.84 and a 200 day moving average price of $2,127.37. The stock has a market capitalization of $85.43 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.25. Booking has a 52 week low of $1,669.34 and a 52 week 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 period in the previous year, the firm earned ($2.55) earnings per share. Analysts predict that Booking will post 96.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. JMP Securities lowered their price target on Booking from $2,750.00 to $2,300.00 and set a "market outperform" rating on the stock in a research report on Wednesday, June 22nd. Susquehanna cut 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 report on Friday, August 5th. Tigress Financial upped their price objective on shares of Booking from $3,150.00 to $3,210.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, April 19th. Piper Sandler cut their target price on shares of Booking from $2,500.00 to $2,050.00 and set a "neutral" rating for the company in a research note on Thursday, August 4th. Finally, Evercore ISI decreased their price target on Booking to $2,400.00 in a research report on Tuesday, August 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus price target of $2,550.53.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 120 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $2,100.00, for a total value of $252,000.00. Following the completion of the sale, the insider now directly owns 3,003 shares of the company's stock, valued at $6,306,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Paulo Pisano sold 120 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 3,003 shares in the company, valued at approximately $6,306,300. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $400,040.00. Following the completion of the transaction, the chief executive officer now owns 48,315 shares in the company, valued at approximately $96,639,663. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,520 shares of company stock worth $3,177,212. Insiders own 0.27% of the company's stock.