Weekly Investment Analysts’ Ratings Changes for Booking (BKNG)

Several brokerages have updated their recommendations and price targets on shares of Booking (NASDAQ: BKNG) in the last few weeks:

• 9/23/2024 – Booking had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3,590.00 price target on the stock.
• 9/6/2024 – Booking is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $4,100.00 price target on the stock.
• 9/5/2024 – Booking is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $3,590.00 price target on the stock.
• 9/5/2024 – Booking had its price target raised by analysts at Morgan Stanley from $4,000.00 to $4,200.00. They now have an “equal weight” rating on the stock.
• 9/4/2024 – Booking was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $4,200.00 price target on the stock, down previously from $4,350.00.
• 8/5/2024 – Booking had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $3,900.00 price target on the stock.
• 8/5/2024 – Booking was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/2/2024 – Booking had its price target lowered by analysts at Barclays PLC from $4,300.00 to $3,900.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at JPMorgan Chase & Co. from $4,025.00 to $3,860.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at Evercore ISI from $4,500.00 to $4,200.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at Oppenheimer Holdings Inc. from $4,600.00 to $4,200.00. They now have an “outperform” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at Bank of America Co. from $3,950.00 to $3,750.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Booking had its price target raised by analysts at Wells Fargo & Company from $3,497.00 to $3,976.00. They now have an “equal weight” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at DA Davidson from $4,150.00 to $4,100.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $4,275.00 to $4,105.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at B. Riley from $4,900.00 to $4,650.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Booking had its price target lowered by analysts at Benchmark Co. from $4,700.00 to $4,600.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Booking had its price target raised by analysts at Wedbush from $3,850.00 to $4,200.00. They now have an “outperform” rating on the stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,177.56 on Wednesday. The stock has a market capitalization of $141.74 billion, a PE ratio of 31.33, a P/E/G ratio of 1.21 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,182.79. The business has a fifty day moving average price of $3,773.44 and a two-hundred day moving average price of $3,738.53.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $37.62 EPS. On average, equities analysts expect that Booking Holdings Inc. will post 176.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.84%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now owns 24,721 shares in the company, valued at $100,556,375.65. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booking

Institutional investors and hedge funds have recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new stake in shares of Booking in the 4th quarter worth about $25,000. Grove Bank & Trust boosted its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new position in Booking in the second quarter worth $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the 2nd quarter valued at $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Booking in the second quarter worth $32,000. Institutional investors own 92.42% of the company’s stock.

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.