Booking (NASDAQ:BKNG) Stock Price Target Lowered at B. Riley Financial

Booking (NASDAQ:BKNG) had its price objective cut by B. Riley Financial from $274.00 to $265.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Wedbush decreased their price target on shares of Booking from $247.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $245.00 price objective on shares of Booking in a report on Wednesday. TD Cowen raised Booking to a “strong-buy” rating in a research report on Monday, September 14th. Citigroup restated an “outperform” rating on shares of Booking in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $230.00 price target on shares of Booking in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $222.35.

Booking Stock Up 9.8%

BKNG opened at $170.97 on Wednesday. The company has a market cap of $128.46 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. The firm’s 50-day moving average price is $168.13 and its 200-day moving average price is $176.51. Booking has a 52-week low of $146.28 and a 52-week high of $220.81.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, November 3rd. The business services provider reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.17. The company had revenue of $9.79 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Booking had a net margin of 25.52% and a negative return on equity of 95.02%. Booking’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business earned $99.50 EPS. On average, research analysts anticipate that Booking will post 10.48 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In other Booking news, Director Robert Mylod, Jr. sold 1,000 shares of Booking stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 14,000 shares in the company, valued at approximately $2,800,000. The trade was a 6.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paulo Pisano sold 1,500 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $163.06, for a total transaction of $244,590.00. Following the completion of the sale, the insider directly owned 70,400 shares in the company, valued at $11,479,424. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,425 shares of company stock worth $16,004,164. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new position in Booking in the first quarter valued at $345,000. Alesco Advisors LLC An ESL Co purchased a new stake in shares of Booking during the 1st quarter worth about $400,000. Ascentis Independent Advisors boosted its stake in shares of Booking by 163.6% during the 1st quarter. Ascentis Independent Advisors now owns 116 shares of the business services provider’s stock worth $488,000 after acquiring an additional 72 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Booking during the 1st quarter valued at about $505,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in shares of Booking during the 1st quarter valued at about $509,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Third-quarter adjusted EPS of $4.66 beat expectations. Room nights grew 7%, and gross bookings and adjusted revenue also increased, indicating underlying travel activity remained healthy. Booking Holdings Q3 Earnings Beat on Travel Growth, Revenues Miss
• Positive Sentiment: The stock’s recovery after an initial post-earnings decline indicates investors may have already priced in a weak report and are giving weight to the earnings beat and travel-volume growth. Booking Holdings earnings analysis: questions answered and next catalysts
• Neutral Sentiment: Several analysts lowered price targets after the results, but many maintained Buy, Outperform or Overweight ratings. This reflects reduced near-term expectations rather than a broad shift to bearish recommendations. These Analysts Slash Their Forecasts On Booking Holdings Following Q3 Results
• Negative Sentiment: Reported revenue missed estimates and fell year over year, partly due to an approximately $900 million revenue impact tied to FTC action. The company also cautioned that travel-demand growth is likely to moderate in Q4, with international demand pressured by geopolitical turmoil and higher airfares. Booking Holdings takes $900 million hit to quarterly revenue linked to FTC action

Booking Company Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.