Booking’s (BKNG) Buy Rating Reiterated at BTIG Research

Booking (NASDAQ:BKNG)‘s stock had its “buy” rating reaffirmed by equities research analysts at BTIG Research in a report issued 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 would indicate a potential upside of 31.08% from the company’s current price.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada boosted their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Gordon Haskett reduced their price target on Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,144.38.

Booking Price Performance

NASDAQ BKNG opened at $4,768.00 on Monday. The company has a market cap of $153.69 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.57 and a beta of 1.34. The stock has a 50-day moving average of $5,182.84 and a two-hundred day moving average of $5,401.84. Booking has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

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

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the transaction, the director directly owned 717 shares in the company, valued at approximately $3,606,510. This represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,452 shares of company stock worth $17,987,397 in the last quarter. 0.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booking

A number of hedge funds have recently added to or reduced their stakes in BKNG. Atwood & Palmer Inc. purchased a new position in shares of Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. boosted its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares during the period. Guerra Advisors Inc acquired a new position in Booking during the third quarter worth about $27,000. Finally, Strive Asset Management LLC purchased a new position in Booking in the third quarter valued at about $27,000. Institutional investors and hedge funds 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.