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 service provider. Zacks Investment ResearchThe company’s price target indicates a potential upside of 16.15% from the company’s current price.
According to Zacks, “Booking Holdings is enjoying a substantial improvement in its booking trends. In addition, the solid growth of national reservations contributes well. In addition, the company is experiencing strong momentum in international regions, which is positive. In addition, the strong growth in rental cars, air ticket units and booked nights is another positive element. In addition, the strong momentum of agency, merchant, advertising and other businesses is contributing well. The ongoing vaccination campaign and the lifting of travel restrictions in many parts of the world remain major tailwinds. In addition, the strengthening of alternative accommodation activities and flight capacities is a major asset. Notably, the stock has outperformed its industry since the start of the year. However, uncertainties related to the ongoing coronavirus pandemic remain a concern. »
BKNG has been the subject of a number of other research reports. Tigress Financial raised its price target on Booking shares from $3,150.00 to $3,210.00 and gave the company a “Strong Buy” rating in a Tuesday, April 19 research report. Oppenheimer raised his price target on Booking shares from $2,560.00 to $3,000.00 in a Thursday, May 5 research report. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2,460.00 price target on Booking shares in a research report on Friday, May 6. Gordon Haskett upgraded Booking’s shares from a “hold” rating to a “buy” rating in a Thursday, February 24 research report. Finally, Piper Sandler raised her price target on Booking shares from $2,440.00 to $2,500.00 in a Thursday, May 5 research note. Eight research analysts gave the stock a hold rating, twenty issued a buy rating and two issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $2,784.63.
NASDAQ BKNG traded lower from $22.42 during Tuesday’s trading, hitting $2,243.56. 505,076 shares of the company have traded, compared to its average volume of 453,439. The company has a leverage ratio of 2.12, a current ratio of 1.72 and a quick ratio of 1.72. 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. The company’s 50-day simple moving average is $2,196.52 and its two-hundred-day simple moving average is $2,277.82. The reservation has a 12-month minimum of $1,796.45 and a 12-month maximum of $2,715.66.
Reservation (NASDAQ:BKNG – Get a rating) last reported results on Wednesday, May 4. The business services provider reported EPS of $3.90 for the quarter, beating analyst consensus estimates of $0.14 ($0.14) of $4.04. The company posted revenue of $2.70 billion for the quarter, versus a consensus estimate of $2.53 billion. Booking posted a net margin of 4.16% and a return on equity of 43.44%. The company’s revenue for the quarter increased 136.6% year over year. During the same quarter last year, the company posted EPS ($5.26). Research analysts expect Booking to post earnings per share of 100.71 for the current fiscal year.
Separately, CEO Glenn D. Fogel sold 750 shares of the company in a trade dated Monday, April 18. The stock was sold at an average price of $2,199.81, for a total value of $1,649,857.50. Following the completion of the sale, the CEO now directly owns 49,265 shares of the company, valued at approximately $108,373,639.65. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, Chief Financial Officer David I. Goulden sold 183 shares of the company in a trade dated Monday, April 18. The shares were sold at an average price of $2,210.00, for a total value of $404,430.00. Following the completion of the sale, the CFO now directly owns 6,569 shares of the company, valued at $14,517,490. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 1,053 shares of the company worth $2,306,288. Insiders of the company own 0.27% of the shares of the company.
A number of institutional investors have recently changed their holdings in BKNG. EagleClaw Capital Management LLC increased its stake in Booking by 3.1% during the 3rd quarter. EagleClaw Capital Management LLC now owns 2,342 shares of the business services provider worth $5,565,000 after buying 70 additional shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Booking during Q3 for a value of approximately $301,000. Dowling & Yahnke LLC increased its stake in Booking by 1.8% in the third quarter. Dowling & Yahnke LLC now owns 1,565 shares of the business services provider worth $3,715,000 after buying 28 more shares last quarter. BloombergSen Inc. increased its stake in Booking by 1.4% in the third quarter. BloombergSen Inc. now owns 22,859 shares of the business services provider worth $54,264,000 after buying 308 additional shares last quarter. Finally, Fiduciary Trust Co. increased its stake in Booking by 4.3% during the 3rd quarter. Fiduciary Trust Co. now owns 2,117 shares of the business services provider worth $5,025,000 after buying 88 more shares in the last quarter. 89.48% of the shares are held by institutional investors and hedge funds.
Reservation Company Profile (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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