Booking (NASDAQ:BKNG – Get Rating) had its target price reduced by research analysts at Mizuho from $2,750.00 to $2,300.00 in a report released on Thursday, The Fly reports. The firm presently has a “buy” rating on the business services provider’s stock. Mizuho’s price target indicates a potential upside of 19.48% from the company’s previous close.
Other equities analysts have also issued reports about the stock. JMP Securities lowered their target price on shares of 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. Barclays dropped their price objective on Booking from $2,390.00 to $2,270.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial dropped their price objective on 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. 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 note on Tuesday, April 19th. Finally, The Goldman Sachs Group reduced their price objective on Booking from $2,460.00 to $2,360.00 and set a “neutral” rating on the stock in a research note on Thursday, June 9th. Eight 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,579.86.
Booking Stock Performance
BKNG opened at $1,924.97 on Thursday. The stock has a market cap of $76.44 billion, a P/E ratio of 51.32, a P/E/G ratio of 1.23 and a beta of 1.25. The firm has a fifty day moving average price of $1,932.40 and a 200 day moving average price of $2,144.37. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.45 and a quick ratio of 1.72. Booking has a 1 year low of $1,669.34 and a 1 year high of $2,715.66.
Insider Buying and Selling
In related 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 transaction of $252,000.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this link. In related news, insider Paulo Pisano sold 120 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $6,306,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David I. Goulden sold 150 shares of the firm’s stock in a transaction on 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 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 sold 470 shares of company stock worth $952,060 in the last 90 days. 0.24% of the stock is owned by company insiders.
Institutional Investors Weigh In On Booking
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Standard Family Office LLC acquired a new stake in shares of Booking in the 4th quarter valued at $26,000. Covestor Ltd acquired a new stake in shares of Booking in the 4th quarter valued at $32,000. Valley National Advisers Inc. increased its stake in shares of Booking by 85.7% in the 1st quarter. Valley National Advisers Inc. now owns 13 shares of the business services provider’s stock valued at $30,000 after buying an additional 6 shares during the period. James Reed Financial Services Inc. acquired a new stake in shares of Booking in the 4th quarter valued at $35,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Booking in the 1st quarter valued at $35,000. 89.48% of the stock is owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on Booking (BKNG)
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