Booking (NASDAQ:BKNG) Price Target Cut to $210.00 by Analysts at Rosenblatt Securities

Booking (NASDAQ:BKNG) had its target price decreased by investment analysts at Rosenblatt Securities from $245.00 to $210.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities‘s target price suggests a potential upside of 34.90% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Citigroup reissued an “outperform” rating on shares of Booking in a research report on Wednesday. Susquehanna reiterated a “positive” rating on shares of Booking in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $230.00 price objective on shares of Booking in a research note on Wednesday, August 5th. DA Davidson set a $240.00 target price on Booking in a research report on Thursday, August 6th. Finally, Truist Financial set a $216.00 price objective on Booking and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.53.

Booking Trading Up 1.2%

BKNG opened at $155.67 on Wednesday. Booking has a 12-month low of $146.28 and a 12-month high of $220.81. The business’s fifty day simple moving average is $168.99 and its 200-day simple moving average is $176.70. The company has a market capitalization of $116.97 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.96 and a beta of 1.17.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.17. Booking had a negative return on equity of 102.96% and a net margin of 25.53%. The firm had revenue of $9.79 billion during the quarter, compared to the consensus estimate of $9.55 billion. During the same period in the previous year, the company posted $99.50 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Booking will post 10.48 EPS for the current year.

Insider Transactions at Booking

In related news, VP Peter Millones, Jr. sold 50,050 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares of the company’s stock, valued at approximately $77,851,439.75. This represents a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Mylod, Jr. sold 1,000 shares of Booking stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the transaction, the director directly owned 14,000 shares of the company’s stock, valued at approximately $2,800,000. This represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 77,425 shares of company stock worth $16,004,164. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booking

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Booking in the second quarter worth approximately $11,646,302,000. State Street Corp grew its holdings in Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after acquiring an additional 37,999,915 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Booking in the 2nd quarter valued at approximately $1,691,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Booking in the 2nd quarter valued at approximately $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Booking by 2,525.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock valued at $1,087,597,000 after purchasing an additional 5,869,459 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Key Headlines Impacting Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking reported adjusted Q3 EPS of $4.66, above the roughly $4.49 analyst estimate. Room nights grew 7% and adjusted EBITDA rose 9%; adjusted revenue increased 9% excluding a one-time legal-related impact. Q3 earnings call highlights
• Positive Sentiment: Management highlighted AI as an opportunity to improve travel planning and the customer experience, which could support Booking’s long-term competitiveness. Q3 earnings call highlights
• Negative Sentiment: Reported revenue fell about 1% to $8.89 billion, below analyst expectations, while profit also declined. A roughly $900 million revenue impact tied to FTC action was a major drag on the reported results. Reuters report on FTC-related revenue impact
• Negative Sentiment: Booking warned of slower Q4 growth as international travel faces pressure from Middle East conflict, higher airfares and turmoil in Europe—raising concerns that demand momentum may cool. Travel-demand headwinds
• Negative Sentiment: JPMorgan cut its price target to $205 from $248, and Barclays lowered its target to $170 from $210, signaling reduced expectations for the shares. JPMorgan target change Barclays target change

About Booking

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.