Susquehanna Bancshares Trims Booking (NASDAQ:BKNG) Target Price to $2,800.00

Booking (NASDAQ:BKNGGet Rating) had its price objective trimmed by Susquehanna Bancshares from $2,900.00 to $2,800.00 in a research report released on Friday morning, Stock Target Advisor reports. The firm currently has a positive rating on the business services provider’s stock.

Several other equities analysts also recently weighed in on the company. Ascendiant Capital Markets set a $2,555.00 target price on Booking in a research report on Monday, June 20th. JPMorgan Chase & Co. reduced their target price on Booking from $2,900.00 to $2,435.00 and set an overweight rating on the stock in a research report on Wednesday, June 29th. Mizuho reduced their target price on Booking from $2,750.00 to $2,300.00 and set a buy rating on the stock in a research report on Thursday. Susquehanna dropped their price target on Booking from $2,900.00 to $2,800.00 and set a positive rating for the company in a research note on Friday. Finally, Citigroup upped their price target on Booking from $2,600.00 to $2,800.00 in a research note on Thursday, May 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booking presently has an average rating of Moderate Buy and an average target price of $2,579.86.

Booking Stock Down 1.1 %

Shares of NASDAQ:BKNG opened at $1,924.97 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.45 and a debt-to-equity ratio of 2.22. Booking has a 52-week low of $1,669.34 and a 52-week high of $2,715.66. The stock’s fifty day simple moving average is $1,932.40 and its 200-day simple moving average is $2,144.37. The company has a market capitalization of $76.44 billion, a P/E ratio of 51.32, a P/E/G ratio of 1.23 and a beta of 1.25.

Booking (NASDAQ:BKNGGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The business services provider reported $19.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.93 by $1.15. Booking had a return on equity of 62.69% and a net margin of 10.54%. During the same period in the prior year, the company earned ($2.55) EPS. As a group, equities research analysts forecast that Booking will post 98.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David I. Goulden sold 150 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total value of $300,019.50. Following the sale, the chief financial officer now owns 6,269 shares of the company’s stock, valued at approximately $12,538,814.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO David I. Goulden sold 150 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $2,000.13, for a total value of $300,019.50. Following the sale, the chief financial officer now directly owns 6,269 shares in the company, valued at approximately $12,538,814.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2,000.20, for a total value of $400,040.00. Following the completion of the sale, the chief executive officer now owns 48,315 shares in the company, valued at $96,639,663. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 470 shares of company stock valued at $952,060. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Booking

Several hedge funds have recently modified their holdings of BKNG. Koshinski Asset Management Inc. grew its holdings in shares of Booking by 5.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 167 shares of the business services provider’s stock worth $392,000 after acquiring an additional 8 shares during the last quarter. Ieq Capital LLC boosted its position in shares of Booking by 162.3% in the first quarter. Ieq Capital LLC now owns 2,227 shares of the business services provider’s stock worth $5,230,000 after buying an additional 1,378 shares during the period. Charter Trust Co. acquired a new stake in shares of Booking in the first quarter worth $503,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Booking by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 24,760 shares of the business services provider’s stock worth $58,148,000 after buying an additional 63 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Booking by 80.7% in the fourth quarter. D.A. Davidson & CO. now owns 262 shares of the business services provider’s stock worth $629,000 after buying an additional 117 shares during the period. 89.48% of the stock is currently owned by institutional investors and hedge funds.

Booking Company Profile

(Get Rating)

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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