Booking (NASDAQ:BKNG) Earns Buy Rating from BTIG Research

Booking (NASDAQ:BKNG)‘s stock had its “buy” rating reissued by BTIG Research in a note issued to investors on Monday,Benzinga reports. They currently have a $6,250.00 price target on the business services provider’s stock. BTIG Research’s price objective suggests a potential upside of 27.39% from the stock’s current price.

A number of other research firms also recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. UBS Group set a $6,806.00 target price on shares of Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their price target on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Cantor Fitzgerald lowered their price objective on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6,141.52.

Booking Stock Up 0.6%

NASDAQ:BKNG opened at $4,906.24 on Monday. The firm’s fifty day simple moving average is $5,157.78 and its 200 day simple moving average is $5,398.49. The stock has a market cap of $158.15 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the business earned $83.39 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Booking will post 209.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director owned 960 shares in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,452 shares of company stock worth $17,987,397 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently modified their holdings of BKNG. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Booking in the third quarter worth $26,000. CIBC Private Wealth Group LLC boosted its position in Booking by 0.6% in the third quarter. CIBC Private Wealth Group LLC now owns 3,051 shares of the business services provider’s stock worth $16,474,000 after purchasing an additional 19 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Booking in the third quarter worth about $30,576,000. Achmea Investment Management B.V. grew its stake in shares of Booking by 0.6% during the 3rd quarter. Achmea Investment Management B.V. now owns 9,367 shares of the business services provider’s stock valued at $50,576,000 after purchasing an additional 58 shares during the period. Finally, Ariadne Wealth Management LP increased its position in shares of Booking by 3.9% during the 3rd quarter. Ariadne Wealth Management LP now owns 107 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

About Booking

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.