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

Booking (NASDAQ:BKNG) issued its quarterly earnings data on Thursday. The business services provider reported $41.55 earnings per share for the quarter, beating 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 Trading Down 1.8 %

NASDAQ BKNG traded down $92.37 during trading on Thursday, hitting $5,018.23. 278,464 shares of the company traded hands, compared to its average volume of 255,161. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business has a fifty day simple moving average of $4,913.12 and a 200 day simple moving average of $4,537.47. The company has a market capitalization of $166.10 billion, a P/E ratio of 34.05, a PEG ratio of 1.78 and a beta of 1.39.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Piper Sandler upped their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Wedbush lifted their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

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.