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

Booking (NASDAQ:BKNG) had its price target boosted by Wedbush from $5,000.00 to $5,500.00 in a research note released on Monday morning,Benzinga reports. Wedbush 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.

A number of other research analysts also recently issued reports on BKNG. Oppenheimer raised 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. Citigroup raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Tigress Financial raised their price target on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler increased their price objective on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,972.75.

Booking Stock Performance

Booking stock opened at $4,872.42 on Monday. The firm’s 50-day moving average is $5,056.30 and its 200-day 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. The company has a market cap of $161.26 billion, a P/E ratio of 33.06, a PEG ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The firm also recently disclosed 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 is currently 23.75%.

Hedge Funds Weigh In On Booking

Several hedge funds have recently made changes to their positions in the business. Private Client Services LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $230,000. Fulton Bank N.A. boosted its holdings in shares of Booking by 7.5% in the fourth quarter. Fulton Bank N.A. now owns 604 shares of the business services provider’s stock worth $3,001,000 after buying an additional 42 shares during the period. Worth Asset Management LLC acquired a new position in shares of Booking in the fourth quarter worth about $1,828,000. Range Financial Group LLC boosted its holdings in shares of Booking by 361.0% in the fourth quarter. Range Financial Group LLC now owns 756 shares of the business services provider’s stock worth $3,756,000 after buying an additional 592 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Booking by 18.1% in the fourth quarter. Diversified Trust Co now owns 1,353 shares of the business services provider’s stock worth $6,727,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds 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.