Booking (NASDAQ:BKNG) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Booking (NASDAQ:BKNG) from a buy rating to a hold rating in a research report report published on Monday.

A number of other research analysts have also weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Truist Financial lifted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Tigress Financial lifted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 18th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $5,049.08 on Monday. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The company has a 50 day simple moving average of $4,901.28 and a two-hundred day simple moving average of $4,580.38. The firm has a market cap of $167.11 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. On average, sell-side analysts anticipate that Booking will post 207.62 earnings per share for the current year.

Institutional Investors Weigh In On Booking

A number of large investors have recently modified their holdings of the business. Proficio Capital Partners LLC grew its stake in shares of Booking by 621,874.8% during the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Booking by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after acquiring an additional 6,009 shares during the last quarter. Janus Henderson Group PLC boosted its position in Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC boosted its position in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after buying an additional 13,429 shares during the last quarter. Finally, Norges Bank purchased a new stake in Booking in the fourth quarter valued at approximately $1,958,352,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.