Booking (NASDAQ:BKNG) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "buy" rating for Booking (NASDAQ:BKNG), indicating confidence in the company's stock performance.
• Booking's stock has seen a slight increase of 0.9%, reaching $5,301.22, with a market capitalization of $171.81 billion.
• Booking's recent earnings report showed $55.40 EPS, beating expectations and reflecting a 16% year-over-year revenue growth of $6.80 billion.

Booking (NASDAQ:BKNG - Get Free Report)'s stock had its "buy (b)" rating reissued by analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. BTIG Research restated a "buy" rating and set a $6,250.00 price target on shares of Booking in a research report on Wednesday, October 8th. Wedbush restated a "neutral" rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Barclays raised their price target on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Truist Financial raised their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Finally, Susquehanna raised their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Stock Up 0.9%

Shares of Booking stock traded up $47.37 during mid-day trading on Tuesday, reaching $5,301.22. 72,941 shares of the stock traded hands, compared to its average volume of 241,104. The business has a 50-day moving average of $5,488.05 and a 200 day moving average of $5,329.42. Booking has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $171.81 billion, a PE ratio of 36.86, a PEG ratio of 1.60 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the firm earned $41.90 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Booking will post 209.92 EPS for the current fiscal year.

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the sale, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,169 shares of company stock worth $11,929,560 in the last quarter. Company insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after buying an additional 30,054 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Booking by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider's stock worth $4,936,132,000 after buying an additional 9,333 shares during the last quarter. Norges Bank acquired a new stake in shares of Booking during the 2nd quarter worth $2,210,917,000. Invesco Ltd. increased its holdings in shares of Booking by 6.8% during the 2nd quarter. Invesco Ltd. now owns 379,583 shares of the business services provider's stock worth $2,197,495,000 after buying an additional 24,030 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Booking by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider's stock worth $2,183,690,000 after buying an additional 17,662 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

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.

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