Booking’s (NASDAQ:BKNG) Hold Rating Reiterated at Stifel Nicolaus

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Booking (NASDAQ:BKNG)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a research note issued on Monday, April 29th, AnalystRatings.com reports. They currently have a $1,995.00 target price on the business services provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 11.22% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Telsey Advisory Group lowered shares of Booking from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $2,100.00 to $1,800.00 in a research note on Tuesday, March 19th. Zacks Investment Research lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Wedbush lowered shares of Booking from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $2,000.00 to $1,850.00 in a research note on Friday, March 22nd. Finally, ValuEngine lowered shares of Booking from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $2,069.41.

NASDAQ BKNG opened at $1,793.67 on Monday. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,162.91. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market cap of $76.71 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.33 and a beta of 1.04.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the consensus estimate of $11.26 by ($0.09). Booking had a net margin of 28.79% and a return on equity of 44.82%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the firm earned $12.34 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Booking will post 101.66 earnings per share for the current year.

In other Booking news, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $1,715.00, for a total transaction of $428,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 321 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,834.00, for a total transaction of $588,714.00. The disclosure for this sale can be found here. Insiders have sold 892 shares of company stock worth $1,579,789 over the last ninety days. Insiders own 0.24% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Guidant Wealth Advisors acquired a new position in Booking in the first quarter valued at approximately $26,000. AdvisorNet Financial Inc lifted its holdings in Booking by 850.0% in the first quarter. AdvisorNet Financial Inc now owns 19 shares of the business services provider’s stock valued at $33,000 after buying an additional 17 shares during the period. Truvestments Capital LLC acquired a new position in Booking in the first quarter valued at approximately $44,000. Horan Capital Advisors LLC. acquired a new position in Booking in the first quarter valued at approximately $49,000. Finally, Moody National Bank Trust Division acquired a new position in Booking in the fourth quarter valued at approximately $53,000. Institutional investors own 94.14% of the company’s stock.

Booking Company Profile

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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Analyst Recommendations for Booking (NASDAQ:BKNG)

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