Booking (NASDAQ:BKNG – Get Free Report) announced its quarterly earnings data on Thursday. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68, Briefing.com reports. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the company posted $37.62 EPS. The business’s revenue was up 7.3% on a year-over-year basis.
Booking Price Performance
Shares of Booking stock traded down $336.05 during trading on Friday, hitting $3,328.13. 788,583 shares of the company were exchanged, compared to its average volume of 254,978. The firm has a market capitalization of $112.92 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. The firm’s fifty day moving average price is $3,881.38 and its 200 day moving average price is $3,690.58. Booking has a 1-year low of $2,733.04 and a 1-year high of $4,144.32.
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the transaction, the insider now owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on Booking
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.
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