Wedbush Increases Booking (NASDAQ:BKNG) Price Target to $4,750.00

Booking (NASDAQ:BKNG) had its price objective increased by equities researchers at Wedbush from $3,900.00 to $4,750.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Wedbush’s target price would indicate a potential upside of 9.25% from the stock’s previous close. Wedbush also issued estimates for Booking’s Q1 2025 earnings at $23.36 EPS, Q2 2025 earnings at $51.01 EPS, Q3 2025 earnings at $86.22 EPS, Q4 2025 earnings at $41.29 EPS and FY2026 earnings at $230.62 EPS.

A number of other research firms also recently issued reports on BKNG. Tigress Financial boosted their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $3,900.00 price target on shares of Booking in a research note on Monday, August 5th. B. Riley lowered their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Evercore ISI reduced their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,256.89.

Booking Stock Up 0.2 %

Shares of NASDAQ:BKNG opened at $4,347.82 on Friday. The stock has a market cap of $145.74 billion, a PE ratio of 30.44, a P/E/G ratio of 1.33 and a beta of 1.40. Booking has a 12-month low of $2,733.04 and a 12-month high of $4,395.00. The business has a 50 day moving average of $4,058.49 and a 200-day moving average of $3,849.23.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm posted $37.62 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts expect that Booking will post 177.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Several large investors have recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking in the third quarter valued at $25,000. Grove Bank & Trust raised its position in shares of Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new stake in Booking during the third quarter worth approximately $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

About Booking

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.