DA Davidson Forecasts Strong Price Appreciation for Booking (NASDAQ:BKNG) Stock

Booking (NASDAQ:BKNG) had its price objective boosted by analysts at DA Davidson from $6,500.00 to $6,600.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the business services provider’s stock. DA Davidson’s price objective points to a potential upside of 29.92% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company lifted their price target on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday. KeyCorp lifted their price target on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a report on Wednesday. BTIG Research reissued a “buy” rating and issued a $6,250.00 target price on shares of Booking in a report on Wednesday. Benchmark reissued a “buy” rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Truist Financial raised Booking from a “hold” rating to a “buy” rating and upped their target price for the company from $5,630.00 to $5,750.00 in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6,117.90.

Booking Price Performance

BKNG opened at $5,080.21 on Wednesday. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market capitalization of $164.65 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.57 and a beta of 1.35. The business has a fifty day moving average price of $5,394.07 and a 200 day moving average price of $5,384.14.

Booking (NASDAQ:BKNG) last released its 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. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Booking will post 209.92 earnings per share for the current year.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Booking

Hedge funds have recently bought and sold shares of the stock. Westfuller Advisors LLC acquired a new stake in shares of Booking during the third quarter worth $179,000. Tranquilli Financial Advisor LLC boosted its holdings in shares of Booking by 8.1% during the third quarter. Tranquilli Financial Advisor LLC now owns 307 shares of the business services provider’s stock worth $1,658,000 after purchasing an additional 23 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Booking by 0.8% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 2,736 shares of the business services provider’s stock worth $14,773,000 after purchasing an additional 22 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Booking by 5.0% during the third quarter. Parkside Financial Bank & Trust now owns 106 shares of the business services provider’s stock worth $572,000 after purchasing an additional 5 shares during the last quarter. Finally, Facet Wealth Inc. boosted its holdings in shares of Booking by 44.7% during the third quarter. Facet Wealth Inc. now owns 68 shares of the business services provider’s stock worth $367,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors 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.