Booking (NASDAQ:BKNG) Given New $5,620.00 Price Target at Gordon Haskett

Booking (NASDAQ:BKNG) had its price target cut by Gordon Haskett from $5,680.00 to $5,620.00 in a research report sent to investors on Wednesday,MarketScreener reports. They currently have a hold rating on the business services provider’s stock.

Several other analysts also recently commented on BKNG. Evercore ISI upped their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Bank of America boosted their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Cantor Fitzgerald decreased their target price on shares of Booking from $5,660.00 to $5,590.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Finally, BTIG Research reiterated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6,132.29.

Booking Trading Down 0.9%

NASDAQ:BKNG opened at $5,075.86 on Wednesday. The company has a market cap of $164.51 billion, a PE ratio of 32.99, a P/E/G ratio of 1.58 and a beta of 1.35. Booking has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company’s 50 day moving average is $5,406.68 and its two-hundred day moving average is $5,386.27.

Booking (NASDAQ:BKNG) last released 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 for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 129.67%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Booking will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio is currently 26.71%.

Insiders Place Their Bets

In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director owned 732 shares of the company’s stock, valued at $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of large investors have recently added to or reduced their stakes in the stock. Boomfish Wealth Group LLC raised its position in Booking by 2.9% during the third quarter. Boomfish Wealth Group LLC now owns 528 shares of the business services provider’s stock worth $2,851,000 after acquiring an additional 15 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Booking in the third quarter valued at about $98,000. McAdam LLC raised its position in shares of Booking by 66.1% in the third quarter. McAdam LLC now owns 93 shares of the business services provider’s stock valued at $504,000 after buying an additional 37 shares during the last quarter. Sage Mountain Advisors LLC raised its position in shares of Booking by 4.9% in the third quarter. Sage Mountain Advisors LLC now owns 216 shares of the business services provider’s stock valued at $1,167,000 after buying an additional 10 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its position in shares of Booking by 229.6% in the third quarter. Dynasty Wealth Management LLC now owns 412 shares of the business services provider’s stock valued at $2,224,000 after buying an additional 287 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.