B. Riley Forecasts Strong Price Appreciation for Booking (NASDAQ:BKNG) Stock

Booking (NASDAQ:BKNG) had its target price hoisted by analysts at B. Riley from $4,650.00 to $5,100.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. B. Riley’s price objective would indicate a potential upside of 7.39% from the stock’s current price. B. Riley also issued estimates for Booking’s Q1 2025 earnings at $17.60 EPS and Q2 2025 earnings at $50.26 EPS.

BKNG has been the subject of several other reports. Barclays raised their target price on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wedbush raised their target price on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JMP Securities raised their target price on shares of Booking from $3,950.00 to $5,000.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Stock Up 1.6 %

Shares of BKNG opened at $4,749.11 on Thursday. The stock has a market capitalization of $159.19 billion, a P/E ratio of 32.23, a PEG ratio of 1.45 and a beta of 1.40. The firm has a fifty day simple moving average of $4,136.96 and a two-hundred day simple moving average of $3,880.99. Booking has a twelve month low of $2,756.39 and a twelve month high of $4,856.60.

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

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Large investors have recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. bought a new stake in shares of Booking in the third quarter worth approximately $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the last quarter. POM Investment Strategies LLC bought a new position in Booking in the second quarter worth approximately $28,000. Kings Path Partners LLC purchased a new position in shares of Booking during the 2nd quarter worth $28,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter worth $29,000. 92.42% of the stock is currently owned by 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.