Tag: $Booking

Shares of online travel agency Booking Holdings BKNG +0.39% fell on Wednesday as a strong first-quarter print was overshadowed by concerns about ramping geopolitical tensions and their impact on the industry.

Shares of Booking Holdings (BKNG) rose in premarket trading on Friday after its fourth-quarter results topped expectations.

On Thursday, Evercore ISI updated its outlook on Booking Holdings stock, increasing the price target to $5,300 from the previous $4,200 while maintaining an Outperform rating. The revision follows Booking Holdings’ third-quarter earnings, which exceeded expectations and prompted the firm to adjust its financial projections upward.

Booking Holdings said its profit jumped in the first quarter as the company’s traveler bookings grew ahead of expectations, buoyed by users traveling more reliably to the company’s site.

Booking Holdings’ ticked all the boxes with its earnings–beating revenue and profit estimates, breaking a number of company records, and initiating a quarterly dividend. Yet the stock plummeted 9% ahead of the open Friday.

Shares of Booking Holdings Inc.  soared into record territory Friday, after the travel and booking site calmed investor fears by reporting a big earnings beat and strong revenue growth, citing the continued strength and resiliency of overall travel demand.