Booking (NASDAQ:BKNG) Stock Price Target Cut by JPMorgan Chase & Co.

Booking (NASDAQ:BKNG) had its price objective decreased by analysts at JPMorgan Chase & Co. from $248.00 to $205.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.82% from the company’s current price.

BKNG has been the subject of several other research reports. Bank of America cut their price target on Booking from $232.00 to $219.00 and set a “buy” rating for the company in a research note on Wednesday. Susquehanna reissued a “positive” rating and issued a $200.00 price objective (down from $240.00) on shares of Booking in a research note on Wednesday. Argus raised their target price on shares of Booking from $210.00 to $245.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wells Fargo & Company restated a “positive” rating and set a $179.00 target price (down from $190.00) on shares of Booking in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $188.00 price target on shares of Booking in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $222.81.

Booking Stock Performance

BKNG stock traded up $15.43 during midday trading on Wednesday, hitting $171.10. 9,294,958 shares of the stock were exchanged, compared to its average volume of 8,150,527. The stock’s 50-day moving average price is $168.99 and its 200-day moving average price is $176.70. The stock has a market cap of $128.56 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.96 and a beta of 1.17. Booking has a fifty-two week low of $146.28 and a fifty-two week high of $220.81.

Booking (NASDAQ:BKNG) last posted 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 for the quarter, compared to the consensus estimate of $9.55 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. Booking’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $99.50 earnings per share. Research analysts anticipate that Booking will post 10.48 EPS for the current year.

Insider Buying and Selling at Booking

In other Booking news, Director Robert J. 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 value of $200,000.00. Following the completion of the sale, the director directly owned 14,000 shares of the company’s stock, valued at approximately $2,800,000. The trade was a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the transaction, the chief financial officer owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This trade represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,425 shares of company stock valued at $16,004,164. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booking

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Booking during the 2nd quarter valued at about $11,646,302,000. State Street Corp lifted its holdings in shares of Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after acquiring an additional 37,999,915 shares during the period. Bank of Nova Scotia boosted its position in shares of Booking by 1,497.3% in the first quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock worth $3,665,168,000 after acquiring an additional 816,022 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Booking in the second quarter worth approximately $1,691,186,000. Finally, Bank of New York Mellon Corp purchased a new stake in Booking in the second quarter valued at approximately $1,370,455,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Adjusted earnings of $4.66 per share topped estimates. Room nights grew 7%, and gross bookings increased, indicating continued travel demand. Management also highlighted AI booking tools and cost-saving initiatives as longer-term opportunities. Booking Holdings Q3 Earnings Beat on Travel Growth, Revenues Miss
• Neutral Sentiment: Analysts cut several price targets following results, though many kept Buy or Outperform ratings. For example, Barclays lowered its target to $170 while retaining Overweight; other firms’ targets remained well above the share price, reflecting a divided near-term outlook. Analysts Slash Forecasts Following Q3 Results
• Negative Sentiment: Reported revenue was $8.89 billion, below expectations and down year over year; a roughly $900 million impact linked to FTC action weighed on the figure, while adjusted revenue grew. Management warned that Q4 travel growth is likely to slow amid softer international demand, higher airfares, geopolitical tensions and late-quarter demand weakness. These factors may temper the earnings beat’s effect on investor sentiment. Booking Holdings Takes $900 Million Hit to Quarterly Revenue Q3 Earnings Call Highlights Travel Slowdown and AI Push

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.