Booking (NASDAQ:BKNG – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a report issued on Wednesday, Benzinga reports. They presently have a $250.00 price target on the business services provider’s stock. BTIG Research‘s target price would suggest a potential upside of 60.60% from the stock’s current price.
A number of other research firms have also recently commented on BKNG. Evercore reissued an “outperform” rating and issued a $270.00 target price on shares of Booking in a research note on Monday, August 24th. Weiss Ratings lowered Booking from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Argus upped their price target on shares of Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Truist Financial set a $216.00 price objective on shares of Booking and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Rosenblatt Securities reduced their price objective on shares of Booking from $245.00 to $210.00 and set a “buy” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.53.
View Our Latest Analysis on Booking
Booking Stock Up 1.2%
Booking stock opened at $155.67 on Wednesday. The company has a market capitalization of $116.97 billion, a P/E ratio of 17.23, a PEG ratio of 0.96 and a beta of 1.17. The stock’s 50 day moving average is $168.99 and its 200 day moving average is $176.70. Booking has a twelve month low of $146.28 and a twelve month high of $220.81.
Booking (NASDAQ:BKNG – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.17. The company had revenue of $9.79 billion during the quarter, compared to analyst estimates of $9.55 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $99.50 EPS. As a group, equities analysts expect that Booking will post 10.48 EPS for the current year.
Insiders Place Their Bets
In other Booking news, Director Vanessa Wittman sold 375 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $211.00, for a total value of $79,125.00. Following the completion of the transaction, the director owned 16,133 shares of the company’s stock, valued at approximately $3,404,063. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were 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 represents a 6.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,425 shares of company stock worth $16,004,164 in the last quarter. Insiders own 0.17% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Booking during the 2nd quarter valued at $11,646,302,000. State Street Corp boosted its stake in shares of Booking by 2,674.6% in the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after buying an additional 37,999,915 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Booking in the second quarter worth $1,691,186,000. Bank of New York Mellon Corp bought a new stake in shares of Booking in the second quarter worth $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Booking by 2,525.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock worth $1,087,597,000 after acquiring an additional 5,869,459 shares during the period. Institutional investors own 92.42% of the company’s stock.
Trending Headlines about 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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