Booking (NASDAQ:BKNG) Price Target Raised to $6,790.00 at Deutsche Bank Aktiengesellschaft

Booking (NASDAQ:BKNG) had its price target increased by Deutsche Bank Aktiengesellschaft from $6,723.00 to $6,790.00 in a research report released on Tuesday,MarketScreener reports. They currently have a buy rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on BKNG. Benchmark reaffirmed a “buy” rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5,928.00.

Booking Trading Up 2.8%

NASDAQ:BKNG opened at $5,286.00 on Tuesday. Booking has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock’s 50 day simple moving average is $5,451.12 and its 200-day simple moving average is $5,348.62. The firm has a market cap of $171.32 billion, a P/E ratio of 36.76, a PEG ratio of 1.59 and a beta of 1.35.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Research analysts forecast that Booking will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is currently 26.71%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is owned by insiders.

Institutional Trading of Booking

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Booking during the 2nd quarter worth about $2,210,917,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Booking by 578,824.0% in the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after purchasing an additional 289,412 shares in the last quarter. Vestor Capital LLC boosted its position in shares of Booking by 658,925.0% during the second quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock worth $610,441,000 after buying an additional 105,428 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after buying an additional 104,780 shares in the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new stake in Booking in the 2nd quarter valued at approximately $536,675,000. Institutional investors and hedge funds 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.