Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00

Booking (NASDAQ:BKNG) had its price objective increased by Wedbush from $5,000.00 to $5,500.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock. Wedbush also issued estimates for Booking’s Q1 2025 earnings at $22.84 EPS, Q2 2025 earnings at $49.94 EPS, Q3 2025 earnings at $98.60 EPS, Q4 2025 earnings at $40.66 EPS, FY2025 earnings at $211.68 EPS and FY2026 earnings at $235.58 EPS.

Other equities analysts also recently issued research reports about the stock. Baird R W raised shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Robert W. Baird began coverage on shares of Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,972.75.

Booking Stock Performance

Shares of BKNG opened at $4,872.42 on Monday. The company has a market capitalization of $161.26 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.11 and a beta of 1.41. The company’s 50 day simple moving average is $5,056.30 and its 200 day simple moving average is $4,338.87. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.72%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKNG. Nations Financial Group Inc. IA ADV boosted its stake in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the last quarter. Nordea Investment Management AB boosted its stake in Booking by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares during the last quarter. Cumberland Partners Ltd boosted its stake in Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after acquiring an additional 100 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. 92.42% of the stock is currently 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.