Booking (NASDAQ:BKNG) has been assigned a $2,375.00 price target by analysts at Cowen in a research note issued to investors on Saturday. The firm presently has a “buy” rating on the business services provider’s stock. Cowen’s price target indicates a potential upside of 25.15% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Jefferies Financial Group lowered Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 price target on the stock. in a research note on Friday. Credit Suisse Group reissued a “buy” rating and issued a $2,100.00 price target (down from $2,250.00) on shares of Booking in a research note on Friday. DA Davidson set a $1,990.00 price target on Booking and gave the company a “hold” rating in a research note on Friday. Mizuho lowered their target price on Booking to $2,400.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup lowered Booking from a “buy” rating to a “neutral” rating in a research report on Friday. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Booking currently has an average rating of “Buy” and an average target price of $2,154.45.
Shares of Booking opened at $1,897.66 on Friday, according to Marketbeat. Booking has a 52-week low of $1,630.56 and a 52-week high of $2,228.99. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $93.57 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21.
In related news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $2,030.98, for a total transaction of $599,139.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BKNG. Progressive Investment Management Corp bought a new stake in Booking during the first quarter worth $4,521,000. Global X Management Co. LLC bought a new stake in Booking during the first quarter worth $1,741,000. Ashfield Capital Partners LLC bought a new stake in Booking during the first quarter worth $4,298,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Booking during the first quarter worth $123,550,000. Finally, HL Financial Services LLC bought a new stake in Booking during the first quarter worth $1,063,000. Institutional investors and hedge funds own 91.50% of the company’s stock.
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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