Booking (NASDAQ:BKNG) Upgraded at Truist Financial

Truist Financial upgraded shares of Booking (NASDAQ:BKNG) from a hold rating to a buy rating in a report issued on Monday morning, MarketBeat.com reports. They currently have $5,750.00 price objective on the business services provider’s stock, up from their previous price objective of $5,630.00.

Several other brokerages have also recently weighed in on BKNG. KeyCorp initiated coverage on shares of Booking in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $6,450.00 target price on the stock. Royal Bank Of Canada increased their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. DA Davidson boosted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Wedbush restated a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6,132.29.

Booking Trading Down 0.9%

Shares of NASDAQ BKNG opened at $5,075.86 on Monday. The stock has a market cap of $164.51 billion, a P/E ratio of 32.99, a PEG ratio of 1.58 and a beta of 1.35. The business’s fifty day simple moving average is $5,406.68 and its 200-day simple moving average is $5,386.27. Booking has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

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

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer owned 22,982 shares in the company, valued at $118,162,642.46. This represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC increased its stake in Booking by 150.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares during the period. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. raised its stake in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new stake in Booking during the 1st quarter worth approximately $32,000. Hedge funds and other 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.