Booking (BKNG) – Research Analysts’ Recent Ratings Changes

Posted by Dante Gardener on Nov 25th, 2024

A number of research firms have changed their ratings and price targets for Booking (NASDAQ: BKNG):

11/18/2024 – Booking had its price target raised by analysts at Tigress Financial from $4,580.00 to $5,600.00. They now have a “strong-buy” rating on the stock.
11/9/2024 – Booking was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
11/7/2024 – Booking had its price target raised by analysts at Truist Financial Co. from $4,100.00 to $4,700.00. They now have a “hold” rating on the stock.
11/5/2024 – Booking had its price target raised by analysts at Mizuho from $4,800.00 to $5,400.00. They now have an “outperform” rating on the stock.
11/4/2024 – Booking had its price target raised by analysts at Citigroup Inc. from $4,100.00 to $5,500.00. They now have a “buy” rating on the stock.
11/1/2024 – Booking had its price target raised by analysts at Susquehanna from $4,100.00 to $5,500.00. They now have a “positive” rating on the stock.
11/1/2024 – Booking had its price target raised by analysts at Royal Bank of Canada from $3,900.00 to $5,250.00. They now have an “outperform” rating on the stock.
11/1/2024 – Booking had its price target raised by analysts at The Goldman Sachs Group, Inc. from $3,940.00 to $4,510.00. They now have a “neutral” rating on the stock.
11/1/2024 – Booking had its price target raised by analysts at JMP Securities from $5,000.00 to $5,400.00. They now have a “market outperform” rating on the stock.
11/1/2024 – Booking was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/1/2024 – Booking had its price target raised by analysts at Morgan Stanley from $4,200.00 to $4,600.00. They now have an “equal weight” rating on the stock.
11/1/2024 – Booking had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $4,900.00 to $5,200.00. They now have a “buy” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at Barclays PLC from $4,500.00 to $5,100.00. They now have an “overweight” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at Oppenheimer Holdings Inc. from $5,000.00 to $5,500.00. They now have an “outperform” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at BMO Capital Markets from $4,205.00 to $5,155.00. They now have an “outperform” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at Bank of America Co. from $4,448.00 to $4,850.00. They now have a “neutral” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at Piper Sandler from $3,560.00 to $4,900.00. They now have a “neutral” rating on the stock.
10/31/2024 – Booking was downgraded by analysts at Argus from a “strong-buy” rating to a “hold” rating.
10/31/2024 – Booking had its price target raised by analysts at UBS Group AG from $5,050.00 to $5,550.00. They now have a “buy” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at B. Riley from $4,650.00 to $5,100.00. They now have a “buy” rating on the stock.
10/31/2024 – Booking had its price target raised by analysts at DA Davidson from $4,100.00 to $5,005.00. They now have a “buy” rating on the stock.
10/29/2024 – Booking had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $4,600.00 price target on the stock.
10/25/2024 – Booking had its price target raised by analysts at Oppenheimer Holdings Inc. from $4,200.00 to $5,000.00. They now have an “outperform” rating on the stock.
10/25/2024 – Booking had its price target raised by analysts at Wedbush from $3,900.00 to $4,750.00. They now have an “outperform” rating on the stock.
10/25/2024 – Booking had its price target raised by analysts at Bank of America Co. from $3,950.00 to $4,448.00. They now have a “neutral” rating on the stock.
10/24/2024 – Booking had its price target raised by analysts at Mizuho from $4,250.00 to $4,800.00. They now have an “outperform” rating on the stock.
10/24/2024 – Booking was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
10/23/2024 – Booking had its price target raised by analysts at UBS Group AG from $4,350.00 to $5,050.00. They now have a “buy” rating on the stock.
10/22/2024 – Booking had its price target raised by analysts at Jefferies Financial Group Inc. from $4,200.00 to $4,300.00. They now have a “hold” rating on the stock.
10/16/2024 – Booking was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
10/15/2024 – Booking had its price target raised by analysts at JMP Securities from $3,950.00 to $5,000.00. They now have a “market outperform” rating on the stock.
10/8/2024 – Booking had its price target raised by analysts at Barclays PLC from $3,900.00 to $4,500.00. They now have an “overweight” rating on the stock.
10/8/2024 – Booking had its price target raised by analysts at Wells Fargo & Company from $3,976.00 to $4,173.00. They now have an “equal weight” rating on the stock.
10/7/2024 – Booking had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3,590.00 price target on the stock.
9/30/2024 – Booking had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3,590.00 price target on the stock.

Booking Stock Performance

BKNG stock traded down $68.32 during midday trading on Monday, reaching $5,108.83. 444,021 shares of the company’s stock traded hands, compared to its average volume of 248,371. Booking Holdings Inc. has a 52 week low of $3,079.50 and a 52 week high of $5,237.00. The company has a 50-day moving average price of $4,482.65 and a two-hundred day moving average price of $4,043.93. The firm has a market capitalization of $169.09 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.61 and a beta of 1.38.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

Institutional Trading of Booking

Hedge funds have recently modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking in the 3rd quarter valued at approximately $25,000. Grove Bank & Trust boosted 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 acquiring an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in shares of Booking during the second quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in Booking during the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.