Booking (NASDAQ:BKNG) Given New $210.00 Price Target at Wedbush

Booking (NASDAQ:BKNG) had its price target trimmed by Wedbush from $247.00 to $210.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

BKNG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $230.00 target price on shares of Booking in a report on Wednesday, August 5th. Argus boosted their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Truist Financial set a $216.00 price objective on Booking and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Piper Sandler restated a “neutral” rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, UBS Group reduced their price objective on Booking from $274.00 to $265.00 and set a “buy” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.35.

Booking Price Performance

BKNG opened at $170.97 on Wednesday. The business has a fifty day simple moving average of $168.13 and a 200 day simple moving average of $176.51. Booking has a 1 year low of $146.28 and a 1 year high of $220.81. The company has a market capitalization of $128.46 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.17. Booking had a net margin of 25.52% and a negative return on equity of 95.02%. The firm had revenue of $9.79 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same quarter in the prior year, the business posted $99.50 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Booking will post 10.48 earnings per share for the current fiscal year.

Insider Transactions at Booking

In other Booking news, 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 transaction of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares of the company’s stock, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $163.06, for a total transaction of $244,590.00. Following the sale, the insider directly owned 70,400 shares in the company, valued at approximately $11,479,424. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 77,425 shares of company stock valued at $16,004,164. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Booking

Institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in Booking by 3,475.0% during the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock worth $25,000 after buying an additional 139 shares during the period. Wilkerson Advisory Group LLC grew its holdings in Booking by 3,550.0% during the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. First Financial Corp IN grew its holdings in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Roble Belko & Company Inc increased its position in Booking by 2,400.0% in the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Finally, Kings Path Partners LLC acquired a new position in Booking in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking News Summary

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.