Booking (NASDAQ:BKNG) Price Target Raised to $6,500.00

Booking (NASDAQ:BKNG) had its price objective boosted by DA Davidson from $5,750.00 to $6,500.00 in a report issued on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the business services provider’s stock. DA Davidson also issued estimates for Booking’s Q3 2025 earnings at $96.10 EPS.

A number of other analysts have also recently commented on the company. B. Riley reiterated a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday. Robert W. Baird lifted their target price on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, BTIG Research upgraded Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price target on the stock in a research report on Friday, April 4th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,781.04.

Booking Trading Down 2.1%

NASDAQ:BKNG opened at $5,386.29 on Thursday. The firm has a market cap of $174.57 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 1.56 and a beta of 1.41. The stock has a fifty day moving average price of $5,568.80 and a 200 day moving average price of $5,076.22. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,839.41.

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

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking’s dividend payout ratio (DPR) is presently 26.71%.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the completion of the transaction, the chief executive officer directly owned 26,633 shares of the company’s stock, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 3,039 shares of company stock valued at $16,963,769. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

Several hedge funds have recently bought and sold shares of the company. Covestor Ltd increased its stake in Booking by 6.9% in the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC increased its position in Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares in the last quarter. Belpointe Asset Management LLC increased its position in Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares in the last quarter. Elequin Capital LP increased its position in Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after buying an additional 2 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after buying an additional 2 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other 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.