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).

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Tigress Financial raised their price target on 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. Susquehanna decreased their target price on Booking from $2,900.00 to $2,800.00 and set a "positive" rating for the company in a research report on Friday, August 5th. 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. Credit Suisse Group decreased 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 report on Thursday, August 4th. Finally, Evercore ISI dropped their target price on shares of Booking to $2,400.00 in a research note on Tuesday, August 9th. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,557.20.

Booking Price Performance

Shares of BKNG Stock traded up $57.22 during trading hours on Friday, hitting $2,120.98. 329,721 shares of the company's stock were exchanged, compared to its average volume of 420,198. Booking has a fifty-two week low of $1,669.34 and a fifty-two week high of $2,715.66. The firm has a market cap of $84.22 billion, a P/E ratio of 56.54, a P/E/G ratio of 1.34 and a beta of 1.25. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.22. The firm has a 50 day moving average of $1,905.70 and a two-hundred day moving average of $2,130.80.

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

Insider Activity

In related news, insider Paulo Pisano sold 120 shares of the business'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 transaction of $252,000.00. Following the completion of the sale, the insider now directly owns 3,003 shares in the company, valued at $6,306,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booking news, CFO David I. Goulden sold 150 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $2,000.13, for a total value of $300,019.50. Following the completion of the sale, the chief financial officer now owns 6,269 shares in the company, valued at approximately $12,538,814.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 120 shares of the business'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 transaction, the insider now owns 3,003 shares in the company, valued at $6,306,300. The disclosure for this sale can be found here. Insiders have sold a total of 470 shares of company stock worth $952,060 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.