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

Booking stock traded down $22.28 during mid-day trading on Friday, reaching $1,924.97. The company had a trading volume of 383,682 shares, compared to its average volume of 413,157. Booking has a fifty-two week low of $1,669.34 and a fifty-two week high of $2,715.66. The company has a current ratio of 1.45, a quick ratio of 1.72 and a debt-to-equity ratio of 2.22. The company has a market cap of $76.44 billion, a P/E ratio of 51.32, a P/E/G ratio of 1.22 and a beta of 1.25. The business has a fifty day simple moving average of $1,932.40 and a 200 day simple moving average of $2,142.74.

Booking (NASDAQ:BKNG - Get Rating) last issued its 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 last year, the company earned ($2.55) EPS. On average, equities research analysts predict that Booking will post 98.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKNG has been the topic of several analyst reports. JMP Securities lowered their target price 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. Deutsche Bank Aktiengesellschaft decreased their target price on Booking from $2,300.00 to $2,280.00 and set a "buy" rating for the company in a research report on Thursday. Tigress Financial lifted their price objective on Booking from $3,150.00 to $3,210.00 and gave the company a "strong-buy" rating in a research report on Tuesday, April 19th. JPMorgan Chase & Co. cut their target price on Booking from $2,900.00 to $2,435.00 and set an "overweight" rating on the stock in a report on Wednesday, June 29th. Finally, Susquehanna cut their target price on Booking from $2,900.00 to $2,800.00 and set a "positive" rating on the stock in a report on Friday. Eight 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,579.86.

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 120 shares of Booking stock in a transaction 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 owns 3,003 shares of the company's stock, valued at $6,306,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Paulo Pisano sold 120 shares of the business'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 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 available at this hyperlink. Also, CFO David I. Goulden sold 150 shares of the business'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 sale, the chief financial officer now directly owns 6,269 shares of the company's stock, valued at $12,538,814.97. The disclosure for this sale can be found here. Insiders have sold 470 shares of company stock worth $952,060 over the last quarter. Corporate insiders own 0.24% of the company's stock.