Booking’s (BKNG) Buy Rating Reiterated at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Booking (NASDAQ:BKNG) in a research report released on Monday morning,Benzinga reports. BTIG Research currently has a $6,250.00 price objective on the business services provider’s stock.

BKNG has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research report on Monday, November 17th. Truist Financial set a $5,810.00 price objective on shares of Booking in a report on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Susquehanna increased their target price on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6,141.52.

Booking Stock Performance

BKNG opened at $4,911.85 on Monday. The stock has a market capitalization of $158.33 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock’s 50 day moving average price is $5,144.94 and its 200-day moving average price is $5,395.09. Booking has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

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 analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The stock was 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 in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director directly owned 960 shares in the company, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,452 shares of company stock worth $17,987,397 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Booking

Institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new stake in Booking during the 3rd quarter valued at about $33,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Booking during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of Booking by 0.6% during the third quarter. CIBC Private Wealth Group LLC now owns 3,051 shares of the business services provider’s stock valued at $16,474,000 after buying an additional 19 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Booking during the third quarter valued at approximately $30,576,000. Finally, Achmea Investment Management B.V. raised its holdings in Booking by 0.6% in the 3rd quarter. Achmea Investment Management B.V. now owns 9,367 shares of the business services provider’s stock worth $50,576,000 after acquiring an additional 58 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

About Booking

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.