Booking (NASDAQ:BKNG) Price Target Raised to $6,600.00 at DA Davidson

Booking (NASDAQ:BKNG) had its price objective upped by DA Davidson from $6,500.00 to $6,600.00 in a research note issued to investors on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the business services provider’s stock.

BKNG has been the subject of a number of other research reports. Hsbc Global Res raised Booking to a “strong-buy” rating in a report on Thursday, July 17th. Mizuho began coverage on Booking in a report on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price target for the company. Bank of America increased their price target on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Finally, B. Riley reissued a “buy” rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6,132.29.

Booking Stock Performance

BKNG stock opened at $5,075.86 on Wednesday. Booking has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The firm has a market cap of $164.51 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The stock has a 50-day simple moving average of $5,406.68 and a 200-day simple moving average of $5,386.27.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 129.67% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the firm earned $83.39 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Booking will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is 26.71%.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the sale, the director owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Institutional Trading of Booking

Several hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC lifted its holdings in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after purchasing an additional 2 shares during the last quarter. WNY Asset Management LLC lifted its holdings in shares of Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after purchasing an additional 2 shares during the last quarter. Gries Financial LLC lifted its holdings in shares of Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after purchasing an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 2 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in Booking by 0.8% during the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Company Profile

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.