Wedbush Increases Booking (NASDAQ:BKNG) Price Target to $4,750.00

Booking (NASDAQ:BKNG) had its price objective increased by Wedbush from $3,900.00 to $4,750.00 in a research note published on Friday morning, Benzinga reports. Wedbush currently has an outperform rating on the business services provider’s stock. Wedbush also issued estimates for Booking’s Q1 2025 earnings at $23.36 EPS, Q2 2025 earnings at $51.01 EPS, Q3 2025 earnings at $86.22 EPS, Q4 2025 earnings at $41.29 EPS and FY2026 earnings at $230.62 EPS.

A number of other analysts also recently issued reports on BKNG. Bank of America decreased their price target on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Oppenheimer decreased their target price on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Evercore ISI lowered their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Barclays raised their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4,256.89.

Booking Stock Up 0.2 %

Shares of NASDAQ:BKNG opened at $4,347.82 on Friday. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,395.00. The firm’s 50 day moving average price is $4,058.49 and its 200 day moving average price is $3,851.08. The stock has a market cap of $147.51 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $37.62 EPS. On average, equities analysts anticipate that Booking will post 177.17 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, September 6th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were 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 owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Booking

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Booking during the 3rd quarter worth approximately $5,322,600,000. Bessemer Group Inc. raised its position in Booking by 4,565.4% in the first quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after acquiring an additional 61,268 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after acquiring an additional 43,743 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Booking by 106.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after purchasing an additional 36,710 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after purchasing an additional 35,270 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.