Reservation (NASDAQ:BKNG – Get a rating) has been upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report released on Tuesday, Zacks.com reports. The company currently has a target price of $2,606.00 on shares of the business services provider. Zacks Investment ResearchThe stock’s price target indicates a potential upside of 16.15% from the stock’s previous close.
According to Zacks, “Booking Holdings is enjoying a substantial improvement in its booking trends. Additionally, solid growth in domestic bookings is a good contributor to this. Additionally, the company is seeing strong momentum in international regions, which is positive. In addition, strong growth in Rental Car, Airline Ticket Units and Booked Nights is another bright spot.In addition, strong momentum in Agency, Merchant, Advertising and other The ongoing vaccination campaign and the lifting of travel restrictions in many parts of the world remain In addition, the strengthening of alternative accommodation activities and flight capacities are major positives. has outperformed its industry since the start of the year.However, uncertainties related to the ongoing coronavirus pandemic remain a concern.
Several other brokerages have also recently published reports on BKNG. UBS Group lowered its price target on Booking from $2,800.00 to $2,775.00 and set a “buy” rating for the company in a Thursday, February 24 report. Jefferies Financial Group raised its price target when booking from $2,800.00 to $2,900.00 and gave the stock a “buy” rating in a Wednesday, March 23 research report. Wells Fargo & Company lowered its price target on Booking from $2,750.00 to $2,500.00 in a Friday, February 25 research note. Piper Sandler raised her price target on Booking from $2,440.00 to $2,500.00 in a Thursday, May 5 report. Finally, Evercore ISI raised its price target on Booking from $2,900.00 to $3,000.00 in a research report on Thursday, May 5. Eight equity research analysts gave the stock a hold rating, twenty gave the stock a buy rating and two gave the stock a strong buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $2,784.63.
BKNG shares were down $22.42 on Tuesday, hitting $2,243.56. The company’s stock had a trading volume of 505,076 shares, compared to an average trading volume of 453,439. The stock’s fifty-day simple moving average is $2,196.52 and its 200-day simple moving average is of $2,277.82. The reservation has a 1-year minimum of $1,796.45 and a 1-year maximum of $2,715.66. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt ratio of 2.12. The company has a market capitalization of $91.14 billion, a price-to-earnings ratio of 181.52, a growth price-to-earnings ratio of 1.11 and a beta of 1.18.
Reservation (NASDAQ:BKNG – Get a rating) last reported results on Wednesday, May 4. The business services provider reported earnings per share of $3.90 for the quarter, beating the consensus estimate of $0.14 by $4.04. Booking had a return on equity of 43.44% and a net margin of 4.16%. The company posted revenue of $2.70 billion in the quarter, versus a consensus estimate of $2.53 billion. During the same period last year, the company made ($5.26) earnings per share. The company’s revenue for the quarter increased by 136.6% compared to the same quarter last year. Equity research analysts expect Booking to post earnings per share of 100.71 for the current year.
Separately, CEO Glenn D. Fogel sold 750 shares of Booking in a trade that took place on Monday, April 18. The shares were sold at an average price of $2,199.81, for a total value of $1,649,857.50. Following completion of the transaction, the CEO now directly owns 49,265 shares of the company, valued at approximately $108,373,639.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, Chief Financial Officer David I. Goulden sold 183 shares of Booking in a trade that took place on Monday, April 18. The shares were sold at an average price of $2,210.00, for a total transaction of $404,430.00. Following the completion of the transaction, the CFO now owns 6,569 shares of the company, valued at $14,517,490. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 1,053 shares of the company valued at $2,306,288. 0.27% of the shares are currently held by insiders of the company.
Institutional investors have recently increased or reduced their stake in the stock. EagleClaw Capital Management LLC increased its position in Booking shares by 3.1% during the 3rd quarter. EagleClaw Capital Management LLC now owns 2,342 shares of the business services provider valued at $5,565,000 after buying 70 additional shares in the last quarter. Blueshift Asset Management LLC bought a new stock position in Booking during Q3 for $301,000. Dowling & Yahnke LLC increased its position in Booking shares by 1.8% during the third quarter. Dowling & Yahnke LLC now owns 1,565 shares of the business services provider valued at $3,715,000 after buying 28 additional shares last quarter. BloombergSen Inc. increased its position in Booking shares by 1.4% during the third quarter. BloombergSen Inc. now owns 22,859 shares of the business services provider valued at $54,264,000 after buying 308 additional shares last quarter. Finally, Fiduciary Trust Co. increased its position in Booking shares by 4.3% during the 3rd quarter. Fiduciary Trust Co. now owns 2,117 shares of the business services provider valued at $5,025,000 after buying 88 more shares in the last quarter. Institutional investors and hedge funds hold 89.48% of the company’s shares.
About booking (Get a rating)
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant reservations and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with travel service providers around the world. It offers consumers a range of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.
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