B. Riley Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its price objective boosted by B. Riley from $4,650.00 to $5,100.00 in a report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock. B. Riley also issued estimates for Booking’s Q1 2025 earnings at $17.60 EPS and Q2 2025 earnings at $50.26 EPS.

Other equities analysts have also issued research reports about the stock. Evercore ISI decreased their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Oppenheimer increased their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. BMO Capital Markets upped their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Benchmark reissued a “buy” rating and issued a $4,600.00 price target on shares of Booking in a report on Tuesday. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4,510.71.

Booking Stock Performance

Shares of Booking stock traded up $43.82 during trading on Thursday, hitting $4,720.07. 43,751 shares of the stock were exchanged, compared to its average volume of 245,183. The stock’s fifty day moving average is $4,118.59 and its 200 day moving average is $3,872.22. The stock has a market cap of $158.22 billion, a PE ratio of 31.73, a P/E/G ratio of 1.45 and a beta of 1.40. Booking has a 12 month low of $2,756.39 and a 12 month high of $4,856.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, topping the consensus estimate of $77.94 by $5.95. The business had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.63 billion. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. Sell-side analysts anticipate that Booking will post 177.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Booking

Institutional investors have recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the third quarter valued at approximately $25,000. Grove Bank & Trust raised its position in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking in the second quarter valued at approximately $28,000. Kings Path Partners LLC bought a new position in shares of Booking in the second quarter valued at approximately $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking in the third quarter valued at approximately $29,000. 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.