Investors Buy Shares of Booking (BKNG) on Weakness

Investors purchased shares of Booking Holdings Inc. (NASDAQ:BKNG) on weakness during trading hours on Friday. $153.12 million flowed into the stock on the tick-up and $112.79 million flowed out of the stock on the tick-down, for a money net flow of $40.33 million into the stock. Of all equities tracked, Booking had the 31st highest net in-flow for the day. Booking traded down ($11.44) for the day and closed at $1,665.89

BKNG has been the topic of a number of analyst reports. Raymond James reiterated an “outperform” rating and issued a $2,160.00 target price (up previously from $1,970.00) on shares of Booking in a research report on Tuesday, November 6th. Jefferies Financial Group cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Wednesday. Wedbush set a $2,500.00 target price on shares of Booking and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Royal Bank of Canada lifted their target price on shares of Booking to $2,425.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 6th. Finally, Evercore ISI initiated coverage on shares of Booking in a research report on Monday, October 15th. They issued an “in-line” rating and a $1,930.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,145.76.

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 price-to-earnings ratio of 21.63, a P/E/G ratio of 1.20 and a beta of 1.16.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Monday, November 5th. The business services provider reported $37.78 earnings per share for the quarter, missing the consensus estimate of $38.37 by ($0.59). Booking had a net margin of 19.81% and a return on equity of 26.87%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the firm earned $34.43 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Booking Holdings Inc. will post 89.6 EPS for the current fiscal year.

In other Booking news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total transaction of $532,056.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 882 shares of company stock valued at $1,608,773. 0.24% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. Moody National Bank Trust Division bought a new position in shares of Booking in the fourth quarter worth approximately $53,000. LFA Lugano Financial Advisors SA bought a new position in shares of Booking in the third quarter worth approximately $109,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Booking in the second quarter worth approximately $134,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Booking in the third quarter worth approximately $153,000. Finally, Vectors Research Management LLC bought a new position in shares of Booking in the third quarter worth approximately $154,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

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About Booking (NASDAQ:BKNG)

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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