In a report released on September 29, Jake Fuller from BTIG maintained a Hold rating on Booking Holdings (BKNG – Research Report). The company’s shares closed yesterday at $1,643.21.
Fuller covers the Services sector, focusing on stocks such as Booking Holdings, Expedia, and TripAdvisor. According to TipRanks, Fuller has an average return of 3.4% and a 47.42% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Booking Holdings with a $2,415.53 average price target.
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Based on Booking Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.29 billion and a net profit of $857 million. In comparison, last year the company earned a revenue of $2.16 billion and had a GAAP net loss of $167 million
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BKNG in relation to earlier this year.
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Founded in 1997 and based in Connecticut, Booking Holdings, Inc. provides an online platform for making travel and restaurant reservations. The company offers its services through the following brands: Booking.com, KAYAK, Priceline, Agoda, Rentalcars.com, and OpenTable.
Read More on BKNG:
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- Corporate Insiders are Still Buying Stocks. Here Are 7 of This Week’s Big Buys.
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