Booking (NASDAQ:BKNG) Given New $214.00 Price Target at Wells Fargo & Company

Booking (NASDAQ:BKNG) had its price target cut by Wells Fargo & Company from $215.00 to $214.00 in a research report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities research analysts also recently commented on BKNG. BTIG Research reaffirmed a “buy” rating and issued a $250.00 target price on shares of Booking in a research report on Tuesday, April 7th. Citigroup cut their target price on shares of Booking from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Robert W. Baird set a $234.00 target price on shares of Booking in a research report on Thursday, February 19th. Gordon Haskett cut their target price on shares of Booking from $217.60 to $214.80 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $260.00 target price (up from $244.00) on shares of Booking in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $234.47.

Booking Stock Up 2.2%

Shares of NASDAQ BKNG opened at $181.12 on Tuesday. Booking has a twelve month low of $150.62 and a twelve month high of $233.58. The firm has a market cap of $143.42 billion, a P/E ratio of 27.26, a PEG ratio of 1.09 and a beta of 1.20. The company has a 50 day moving average of $171.58 and a 200 day moving average of $194.91.

Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, February 18th. The business services provider reported $48.80 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $46.88. Booking had a net margin of 20.08% and a negative return on equity of 128.99%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, equities analysts expect that Booking will post 209.92 earnings per share for the current fiscal year.

Booking Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. Booking’s payout ratio is presently 25.26%.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 375 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.65, for a total value of $77,867.25. Following the completion of the transaction, the director owned 17,175 shares of the company’s stock, valued at approximately $3,566,320.05. This represents a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $204.21, for a total transaction of $204,214.40. Following the completion of the transaction, the director directly owned 21,000 shares of the company’s stock, valued at $4,288,502.40. This represents a 4.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 68,725 shares of company stock valued at $12,571,467. Company insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Booking by 7.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,914 shares of the business services provider’s stock worth $38,132,000 after purchasing an additional 492 shares in the last quarter. Donaldson Capital Management LLC lifted its stake in Booking by 59.6% in the 3rd quarter. Donaldson Capital Management LLC now owns 1,119 shares of the business services provider’s stock worth $6,042,000 after purchasing an additional 418 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Booking by 229.6% in the 3rd quarter. Dynasty Wealth Management LLC now owns 412 shares of the business services provider’s stock worth $2,224,000 after purchasing an additional 287 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in Booking by 339.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 180 shares of the business services provider’s stock worth $974,000 after purchasing an additional 139 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Booking by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 72,604 shares of the business services provider’s stock worth $392,009,000 after purchasing an additional 4,589 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking News Roundup

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Investor letters and coverage emphasize Booking’s durable profitability and competitive position in travel, supporting investor confidence and demand for the stock. Booking Holding (BKNG) Holds Enduring Profitability in the Travel Industry
• Positive Sentiment: Recent market commentary noting BKNG “outpaced stock market gains” and prior daily moves higher signals momentum and positive investor sentiment into earnings. Booking Holdings (BKNG) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: Preview pieces outline expectations for Booking’s next earnings report, which may keep shares volatile around the print—investors should watch revenue/travel demand trends and margins for confirmation of the bullish narrative. Here’s what to expect from Booking Holdings’ next earnings report
• Negative Sentiment: Wells Fargo trimmed its price target slightly (from $215 to $214) and maintains an “equal weight” rating—this modest cut signals limited near‑term upside in that analyst’s view and could cap gains if other firms follow. Benzinga report on price-target change

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.