Bank of America cut shares of Booking (NASDAQ:BKNG – Get Rating) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat reports. They currently have $2,700.00 price objective on the business services provider's stock, up from their previous price objective of $2,250.00.

A number of other equities research analysts have also commented on BKNG. Deutsche Bank Aktiengesellschaft upped their price target on Booking to $2,370.00 and gave the company a buy rating in a research report on Thursday, November 3rd. Susquehanna Bancshares reduced their price target on Booking from $2,800.00 to $2,650.00 and set a positive rating on the stock in a research report on Monday, November 7th. UBS Group upped their price target on Booking from $2,200.00 to $2,785.00 and gave the company a buy rating in a research report on Tuesday, January 24th. Jefferies Financial Group reduced their price target on Booking from $2,700.00 to $2,250.00 and set a buy rating on the stock in a research report on Thursday, October 6th. Finally, Mizuho reduced their price target on Booking from $2,300.00 to $2,170.00 and set a buy rating on the stock in a research report on Thursday, November 3rd. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $2,475.62.

Booking Trading Up 1.4 %

Shares of BKNG stock opened at $2,464.51 on Wednesday. The firm has a market capitalization of $95.60 billion, a P/E ratio of 40.47, a P/E/G ratio of 1.22 and a beta of 1.26. Booking has a twelve month low of $1,616.85 and a twelve month high of $2,715.66. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.36. The stock's fifty day simple moving average is $2,104.60 and its 200 day simple moving average is $1,947.01.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,400 shares of the company's stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,320.41, for a total transaction of $3,248,574.00. Following the transaction, the chief executive officer now directly owns 43,804 shares of the company's stock, valued at approximately $101,643,239.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Radakovich Lynn Vojvodich sold 35 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the sale, the director now directly owns 758 shares of the company's stock, valued at $1,490,864.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,400 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $2,320.41, for a total value of $3,248,574.00. Following the completion of the sale, the chief executive officer now directly owns 43,804 shares of the company's stock, valued at $101,643,239.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,120 shares of company stock valued at $4,893,155. 0.13% of the stock is owned by company insiders.

Institutional Trading of Booking

Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management purchased a new stake in shares of Booking in the third quarter worth approximately $25,000. Chilton Capital Management LLC bought a new position in shares of Booking in the second quarter valued at approximately $26,000. MV Capital Management Inc. grew its holdings in shares of Booking by 63.6% in the second quarter. MV Capital Management Inc. now owns 18 shares of the business services provider's stock valued at $31,000 after acquiring an additional 7 shares in the last quarter. St. James Investment Advisors LLC grew its holdings in shares of Booking by 50.0% in the third quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider's stock valued at $35,000 after acquiring an additional 7 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Booking in the second quarter valued at approximately $40,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Booking Company Profile

(Get Rating)

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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