Booking (NASDAQ:BKNG) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Booking (NASDAQ:BKNG) from a hold rating to a buy rating in a research note released on Monday, April 2nd.

Several other research analysts also recently weighed in on the company. Mizuho began coverage on Booking in a report on Thursday, March 22nd. They issued a buy rating and a $2,600.00 price target for the company. Barclays reiterated an overweight rating and issued a $2,260.00 price target on shares of Booking in a report on Friday, March 16th. Needham & Company LLC upped their price objective on Booking from $2,000.00 to $2,500.00 and gave the stock a buy rating in a report on Thursday, March 15th. Argus upgraded Booking from a hold rating to a buy rating and set a $2,520.00 price objective for the company in a report on Thursday, March 8th. Finally, Oppenheimer upped their price objective on Booking from $2,275.00 to $2,100.00 and gave the stock an outperform rating in a report on Thursday, March 1st. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Booking currently has a consensus rating of Buy and a consensus price target of $2,093.86.

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Shares of NASDAQ:BKNG traded up $65.72 during trading on Monday, hitting $2,162.31. 380,666 shares of the stock were exchanged, compared to its average volume of 477,954. Booking has a 12-month low of $1,630.56 and a 12-month high of $2,228.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a market capitalization of $100,723.25, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.52 and a beta of 1.26.



Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.12 by $2.74. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.70 billion. Booking had a return on equity of 21.12% and a net margin of 18.46%. equities analysts anticipate that Booking will post 87.33 earnings per share for the current year.

In related news, VP Peter J. Millones sold 3,629 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $2,186.98, for a total transaction of $7,936,550.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 123 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total transaction of $227,655.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,297 shares of company stock worth $9,315,259. 0.24% of the stock is owned by company insiders.

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About Booking

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Booking (NASDAQ:BKNG)

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