Jefferies Financial Group downgraded shares of Booking (NASDAQ:BKNG) from a buy rating to a hold rating in a research note published on Wednesday morning, MarketBeat.com reports. Jefferies Financial Group also issued estimates for Booking’s FY2019 earnings at $99.31 EPS.

BKNG has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on Booking to $2,425.00 and gave the stock an outperform rating in a research note on Tuesday, November 6th. Telsey Advisory Group initiated coverage on Booking in a research note on Wednesday, November 28th. They issued an outperform rating and a $2,100.00 price objective on the stock. Wells Fargo & Co raised Booking from a market perform rating to an outperform rating and set a $2,150.00 price objective on the stock in a research note on Monday, November 19th. DA Davidson set a $2,000.00 price objective on Booking and gave the stock a hold rating in a research note on Tuesday, November 6th. Finally, Cowen set a $2,200.00 price objective on Booking and gave the stock a buy rating in a research note on Monday, October 22nd. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Booking presently has an average rating of Buy and an average price target of $2,145.76.

Booking stock traded down $11.44 on Wednesday, reaching $1,665.89. The company’s stock had a trading volume of 327,009 shares, compared to its average volume of 482,338. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $76.42 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.20 and a beta of 1.16. Booking has a twelve month low of $1,606.27 and a twelve month high of $2,228.99.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 EPS for the quarter, missing analysts’ consensus estimates of $38.37 by ($0.59). The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.81 billion. Booking had a return on equity of 26.87% and a net margin of 19.81%. Booking’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $34.43 EPS. On average, equities research analysts predict that Booking will post 89.6 earnings per share for the current year.

In other news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 882 shares of company stock worth $1,608,773 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investment House LLC increased its holdings in Booking by 1.2% in the third quarter. Investment House LLC now owns 5,396 shares of the business services provider’s stock valued at $10,706,000 after purchasing an additional 64 shares during the last quarter. Watch Point Trust Co increased its holdings in Booking by 10.6% in the third quarter. Watch Point Trust Co now owns 1,594 shares of the business services provider’s stock valued at $3,162,000 after purchasing an additional 153 shares during the last quarter. Davy Asset Management Ltd bought a new stake in Booking in the second quarter valued at about $3,201,000. Marathon Asset Management LLP increased its holdings in Booking by 3.8% in the third quarter. Marathon Asset Management LLP now owns 63,261 shares of the business services provider’s stock valued at $125,524,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Andra AP fonden increased its holdings in Booking by 57.1% in the second quarter. Andra AP fonden now owns 1,100 shares of the business services provider’s stock valued at $2,230,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.91% 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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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