Booking Holdings Inc. (NASDAQ:BKNG) Given Consensus Rating of “Moderate Buy” by Analysts

Posted by on Jun 7th, 2023

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the twenty-nine ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $2,765.52.

Several analysts recently commented on the company. Bank of America boosted their price target on Booking from $2,850.00 to $2,900.00 in a research note on Friday, May 5th. Wedbush assumed coverage on Booking in a research note on Monday. They set an “outperform” rating and a $3,060.00 price target on the stock. JMP Securities upped their price objective on Booking from $2,750.00 to $3,000.00 in a report on Monday, May 8th. Mizuho upped their price objective on Booking from $2,670.00 to $2,950.00 in a report on Friday, May 5th. Finally, StockNews.com initiated coverage on Booking in a research report on Thursday, May 18th. They set a “buy” rating for the company.

Insider Transactions at Booking

In other news, CFO David I. Goulden sold 550 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $2,418.64, for a total transaction of $1,330,252.00. Following the transaction, the chief financial officer now owns 16,154 shares in the company, valued at $39,070,710.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Booking news, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $2,418.64, for a total transaction of $1,330,252.00. Following the transaction, the chief financial officer now owns 16,154 shares in the company, valued at approximately $39,070,710.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, April 17th. The shares were sold at an average price of $2,658.11, for a total value of $1,993,582.50. Following the completion of the transaction, the chief executive officer now owns 42,199 shares in the company, valued at approximately $112,169,583.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,697 shares of company stock worth $9,543,636. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Booking

Hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in Booking by 26.1% during the 3rd quarter. Clearstead Advisors LLC now owns 251 shares of the business services provider’s stock worth $412,000 after buying an additional 52 shares during the period. Toroso Investments LLC lifted its holdings in Booking by 5.2% during the 3rd quarter. Toroso Investments LLC now owns 2,011 shares of the business services provider’s stock worth $3,304,000 after buying an additional 100 shares during the period. Financial Partners Capital Management LLC acquired a new position in Booking during the 4th quarter worth about $2,481,000. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Booking by 2.5% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,423 shares of the business services provider’s stock worth $2,338,000 after acquiring an additional 35 shares in the last quarter. Finally, Ensemble Capital Management LLC raised its position in shares of Booking by 0.8% in the 3rd quarter. Ensemble Capital Management LLC now owns 26,421 shares of the business services provider’s stock worth $43,415,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

Booking Stock Up 1.4 %

Shares of Booking stock opened at $2,708.10 on Wednesday. The company has a debt-to-equity ratio of 11.16, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a 50-day simple moving average of $2,636.63 and a 200-day simple moving average of $2,404.90. The firm has a market cap of $100.01 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.16 and a beta of 1.34. Booking has a 52-week low of $1,616.85 and a 52-week high of $2,786.85.

Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The business services provider reported $11.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.63 by $1.97. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Booking had a return on equity of 148.40% and a net margin of 22.14%. Booking’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.90 earnings per share. On average, equities research analysts expect that Booking will post 137.11 earnings per share for the current fiscal year.

About Booking

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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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