In August 2017, KAYAK acquired the assets of Mundi, a Brazilian metasearch company. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. As the pandemic recedes, consumer spending behavior will normalize and shift back toward services and away from goods. Levi Sumagaysay is a senior reporter at MarketWatch in San Francisco. A longtime Silicon Valley tech reporter, she covers the gig economy, inequality and corporate accountability. Booking Holdings derives a majority of its revenue from the European market, which has undertaken a series of economic measures in response to Russia’s invasion of Ukraine.
Booking Holdings’ stock at around $2249, is 14% higher than its mark before the drop in February due to the coronavirus outbreak becoming a pandemic. In fact, the online travel giant’s stock is up 39% from levels seen since the beginning of November 2020. After a 23% fall over the last month, at the current price of around https://dotbig.com/markets/stocks/BKNG/ $2100 per share, we believe Booking Holdings stock could see a rebound. BKNG stock has declined from $2635 to $2100 in the last month, underperforming the broader indices, with the S&P falling 5% over the same period… Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
Analysts Offer Insights on Services Companies: Booking Holdings (BKNG) and BurgerFi International (BFI)
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
Some retail investors became so "traumatized" by the collapses of several crypto companies earlier this year that they moved their money out of FTX Booking stock price as soon as ominous signs appeared. Analysts surveyed by FactSet had forecast adjusted earnings of $49.52 a share on revenue of $5.92 billion.
News and Social Media Coverage
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Trading volume remained 103,845 below its 50-day average volume of 409,935. On the company’s earnings call with analysts, Fogel said he saw improvements in all major regions in August and September compared with July, and that in September, room nights https://dotbig.com/ in Asia surpassed 2019 levels for the first time. Booking Holdings Inc. stock rose sharply in extended trading Wednesday as the company’s third-quarter profit more than doubled and its results beat Wall Street expectations across the board.
- Chief Financial Officer David Goulden said on the call that he expects fourth-quarter sales to rise year over year, and adjusted Ebitda to be above $1.4 billion.
- Booking Holdings’ stock, the world’s largest online travel agency, that offers services from lodging to airline tickets to car rentals, has gained around 57% – moving from about $1431 to $2248 in the last twelve months.
- Booking Holdings, the world’s largest online travel agency that offers services from lodging to airline tickets to car rentals, is scheduled to announce its fiscal second-quarter results on Wednesday, August 4.
- While these stocks score as UNATTRACTIVE, we believe the best shorts are our TOP SHORTS which are F-rated stocks.
- In August 2017, KAYAK acquired the assets of Mundi, a Brazilian metasearch company.
All values as of most recently reported quarter unless otherwise noted. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational Booking stock purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. One share of BKNG stock can currently be purchased for approximately $1,940.28.
Price Target and Rating
We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Transparency is how we protect the integrity of DotBig our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Chief Financial Officer David Goulden said on the call that he expects fourth-quarter sales to rise year over year, and adjusted Ebitda to be above $1.4 billion. Analysts are forecasting fourth-quarter earnings of $22.79 a share on revenue of $3.9 billion, and Ebitda of $1.22 billion.
About Booking (NASDAQ:BKNG) Stock
More recently, the exec made news at a tech conference in Los Angeles last week when he let it slip that Disney was on the verge of acquiring Twitter in 2016. Before being tapped to take over as CEO once again at Disney, Iger was reportedly working on a book about leadership — a follow-up to his 2019 memoir.
Meta Platforms, Netflix, Uber And This Travel Name Down 20% YTD Are Evercore’s Top Stocks To Buy Right Now
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Provide specific products and services to you, such as portfolio management or data aggregation. The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023. High institutional ownership can be a signal of strong market https://dotbig.com/ trust in this company. 24 people have searched for BKNG on MarketBeat in the last 30 days. MarketBeat has tracked 10 news articles for Booking this week, compared to 12 articles on an average week. Companies in the Services sector have received a lot of coverage today as analysts weigh in on Booking Holdings (BKNG – Research Report) and BurgerFi International (BFI – Research Report).
Transaction fees for online bookings account for the bulk of revenue and profits. The world’s largest online travel agency offers services from lodging to airline tickets to car rentals. Booking Holdings Inc. provides travel and restaurant online reservation and related services worldwide. It also operates Agoda that provides online accommodation reservation services, as well as flight, ground transportation Booking stock and activities reservation services. Further, it offers travel-related insurance products, and restaurant management services to consumers, travel service providers, and restaurants. The company was formerly known as The Priceline Group Inc. and changed its name to Booking Holdings Inc. in February 2018. The company was founded in 1997 and is headquartered in Norwalk, Connecticut.
Research Reports for BKNG
In the past three months, Booking insiders have bought 12.44% more of their company’s stock than they have sold. Specifically, they have bought $956,185.00 in company stock and sold $850,411.00 in company stock. Booking has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume. Represents the company’s profit divided by the outstanding shares of its common stock.
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