Booking (NASDAQ:BKNG) Announces Quarterly Earnings Results

Booking (NASDAQ:BKNG) 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

BKNG has been the subject of several recent research reports. Barclays dropped their price target on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI decreased their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday. JMP Securities reiterated a “market outperform” rating and set a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. Wedbush lifted their price objective on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Seven analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,041.65.

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.