Booking (NASDAQ:BKNG – Get Free Report) had its target price lowered by equities researchers at Rosenblatt Securities from $245.00 to $210.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities‘s price target points to a potential upside of 34.90% from the company’s previous close.
Several other brokerages have also commented on BKNG. Wedbush increased their price target on shares of Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $245.00 price objective on shares of Booking in a report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price objective on shares of Booking in a research report on Wednesday. Oppenheimer restated an “outperform” rating and issued a $240.00 target price (up from $215.00) on shares of Booking in a report on Wednesday, August 5th. Finally, UBS Group dropped their target price on shares of Booking from $274.00 to $265.00 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $228.53.
Read Our Latest Report on BKNG
Booking Stock Performance
NASDAQ:BKNG opened at $155.67 on Wednesday. Booking has a 1 year low of $146.28 and a 1 year high of $220.81. The stock has a market cap of $116.97 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.96 and a beta of 1.17. The stock has a 50-day simple moving average of $168.99 and a 200-day simple moving average of $176.70.
Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.17. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The business had revenue of $9.79 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same quarter last year, the company earned $99.50 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Booking will post 10.48 EPS for the current year.
Insider Transactions at Booking
In related news, Director Robert Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director owned 14,000 shares in the company, valued at $2,800,000. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter Millones, Jr. sold 50,050 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 77,425 shares of company stock worth $16,004,164. Insiders own 0.17% of the company’s stock.
Hedge Funds Weigh In On Booking
Hedge funds have recently modified their holdings of the business. Accuvest Global Advisors acquired a new position in Booking in the third quarter valued at $499,000. StoneRidge PMG Advisors LLC acquired a new stake in shares of Booking during the third quarter worth about $577,000. Hohimer Wealth Management LLC boosted its stake in shares of Booking by 378.4% during the third quarter. Hohimer Wealth Management LLC now owns 22,117 shares of the business services provider’s stock worth $3,603,000 after buying an additional 17,494 shares during the period. Carret Asset Management LLC boosted its stake in shares of Booking by 13.6% during the third quarter. Carret Asset Management LLC now owns 4,215 shares of the business services provider’s stock worth $687,000 after buying an additional 505 shares during the period. Finally, Family Capital Management Inc. purchased a new position in shares of Booking during the third quarter worth about $210,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Booking
Here are the key news stories impacting Booking this week:
- Positive Sentiment: Booking reported adjusted Q3 EPS of $4.66, above the roughly $4.49 analyst estimate. Room nights grew 7% and adjusted EBITDA rose 9%; adjusted revenue increased 9% excluding a one-time legal-related impact. Q3 earnings call highlights
- Positive Sentiment: Management highlighted AI as an opportunity to improve travel planning and the customer experience, which could support Booking’s long-term competitiveness. Q3 earnings call highlights
- Negative Sentiment: Reported revenue fell about 1% to $8.89 billion, below analyst expectations, while profit also declined. A roughly $900 million revenue impact tied to FTC action was a major drag on the reported results. Reuters report on FTC-related revenue impact
- Negative Sentiment: Booking warned of slower Q4 growth as international travel faces pressure from Middle East conflict, higher airfares and turmoil in Europe—raising concerns that demand momentum may cool. Travel-demand headwinds
- Negative Sentiment: JPMorgan cut its price target to $205 from $248, and Barclays lowered its target to $170 from $210, signaling reduced expectations for the shares. JPMorgan target change Barclays target change
About Booking
Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.
The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.
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