Barclays Lowers Booking (NASDAQ:BKNG) Price Target to $2,270.00

Booking (NASDAQ:BKNGGet Rating) had its target price lowered by Barclays from $2,390.00 to $2,270.00 in a research note issued on Thursday, The Fly reports. The firm presently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would suggest a potential upside of 17.92% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. 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. Oppenheimer increased their price target on shares of Booking from $2,560.00 to $3,000.00 in a research report on Thursday, May 5th. Truist Financial decreased their price objective on shares of Booking from $3,000.00 to $2,600.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. JMP Securities reduced their price target on shares of Booking from $2,750.00 to $2,300.00 and set a “market outperform” rating for the company in a research report on Wednesday, June 22nd. Finally, Tigress Financial raised 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. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,579.86.

Booking Price Performance

BKNG stock opened at $1,924.97 on Thursday. Booking has a one year low of $1,669.34 and a one year high of $2,715.66. The company’s fifty day moving average price is $1,932.40 and its 200-day moving average price is $2,144.37. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.72 and a current ratio of 1.45. The company has a market capitalization of $76.44 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25.

Booking (NASDAQ:BKNGGet Rating) last announced 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 prior year, the company earned ($2.55) EPS. On average, equities analysts anticipate that Booking will post 98.14 EPS for the current fiscal year.

Insider Activity

In other news, insider Paulo Pisano sold 120 shares of Booking stock in a transaction dated 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 directly owns 3,003 shares of the company’s stock, valued at approximately $6,306,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the insider now directly owns 3,003 shares of the company’s stock, valued at approximately $6,306,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David I. Goulden sold 150 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total value of $300,019.50. Following the transaction, the chief financial officer now directly owns 6,269 shares in the company, valued at $12,538,814.97. The disclosure for this sale can be found here. Insiders have sold 470 shares of company stock valued at $952,060 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Booking by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 3,179,231 shares of the business services provider’s stock valued at $7,466,265,000 after purchasing an additional 35,999 shares in the last quarter. Capital World Investors raised its position in shares of Booking by 6.2% in the 1st quarter. Capital World Investors now owns 1,610,185 shares of the business services provider’s stock valued at $3,781,439,000 after purchasing an additional 94,296 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Booking by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 665,085 shares of the business services provider’s stock valued at $1,591,171,000 after purchasing an additional 18,508 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Booking by 55.4% in the 4th quarter. Schroder Investment Management Group now owns 466,525 shares of the business services provider’s stock valued at $1,119,301,000 after purchasing an additional 166,288 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Booking in the 4th quarter valued at approximately $1,013,778,000. 89.48% of the stock is owned by institutional investors and hedge funds.

About Booking

(Get Rating)

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.

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