Gordon Haskett Cuts Booking (NASDAQ:BKNG) Price Target to $5,620.00

Booking (NASDAQ:BKNG) had its price target lowered by Gordon Haskett from $5,680.00 to $5,620.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a hold rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald dropped their price target on shares of Booking from $5,660.00 to $5,590.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Susquehanna upped their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price objective on shares of Booking in a report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,121.23.

Booking Stock Down 0.0%

Shares of BKNG opened at $5,077.74 on Wednesday. The company’s fifty day moving average is $5,381.21 and its 200-day moving average is $5,387.76. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm has a market cap of $164.57 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the business posted $83.39 EPS. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Booking will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend 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 24.96%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. This represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction 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. This trade represents a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atwood & Palmer Inc. bought a new position in shares of Booking during the 2nd quarter worth about $29,000. Westside Investment Management Inc. increased its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its position in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock worth $27,000 after purchasing an additional 3 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking during the 1st quarter worth about $28,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Booking during the 2nd quarter worth about $35,000. 92.42% of the stock is owned by institutional investors.

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.