Booking Holdings Inc. (NASDAQ:BKNG) – Analysts at Piper Jaffray Companies upped their Q4 2018 earnings estimates for Booking in a report released on Tuesday, November 6th. Piper Jaffray Companies analyst M. Olson now expects that the business services provider will earn $19.25 per share for the quarter, up from their prior forecast of $18.24. Piper Jaffray Companies currently has a “Overweight” rating and a $2,100.00 target price on the stock. Piper Jaffray Companies also issued estimates for Booking’s Q1 2019 earnings at $13.30 EPS and Q4 2019 earnings at $20.77 EPS.
Several other equities analysts also recently weighed in on BKNG. Zacks Investment Research downgraded Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Benchmark reiterated a “hold” rating on shares of Booking in a research report on Thursday, August 9th. SunTrust Banks reiterated a “buy” rating and set a $2,300.00 target price on shares of Booking in a research report on Thursday, August 9th. Stifel Nicolaus downgraded Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, UBS Group upgraded Booking from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2,060.00 to $2,320.00 in a research report on Friday, August 10th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $2,155.87.
Booking (NASDAQ:BKNG) last released its earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $38.37 by ($0.59). The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. Booking’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $34.43 earnings per share.
Several institutional investors have recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in shares of Booking in the second quarter worth about $109,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Booking in the third quarter worth about $109,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Booking by 86.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after purchasing an additional 26 shares during the last quarter. First Manhattan Co. increased its holdings in shares of Booking by 90.0% in the second quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after purchasing an additional 27 shares during the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Booking in the second quarter worth about $126,000. Institutional investors and hedge funds own 91.99% of the company’s stock.
In other news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $1,803.58, for a total value of $532,056.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.
Booking Company Profile
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.
Further Reading: How dollar cost averaging works
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.