Booking (NASDAQ:BKNG) Announces Quarterly Earnings Results, Beats Estimates By $5.73 EPS

Booking (NASDAQ:BKNG) released its earnings results on Thursday. The business services provider reported $41.55 earnings per share for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73, Zacks reports. Booking had a net margin of 21.85% and a negative return on equity of 166.06%.

Booking Stock Down 1.8 %

BKNG stock traded down $92.37 during midday trading on Thursday, reaching $5,018.23. The stock had a trading volume of 278,464 shares, compared to its average volume of 255,161. The firm has a market cap of $166.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.78 and a beta of 1.39. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a fifty day simple moving average of $4,913.12 and a two-hundred day simple moving average of $4,537.47.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BKNG. Bank of America boosted their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Barclays increased their price objective on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Robert W. Baird started coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Piper Sandler increased their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Tigress Financial boosted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5,044.43.

About Booking

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.