Brokers Issue Forecasts for Booking Holdings Inc.’s Q2 2024 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Booking in a report released on Monday, May 6th. DA Davidson analyst T. White forecasts that the business services provider will post earnings per share of $38.69 for the quarter. DA Davidson currently has a “Buy” rating and a $4,150.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $176.46 per share. DA Davidson also issued estimates for Booking’s FY2024 earnings at $179.21 EPS and FY2025 earnings at $201.33 EPS.

A number of other equities analysts also recently issued reports on the company. Bank of America upped their price target on Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Mizuho boosted their price target on Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Oppenheimer increased their price objective on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. UBS Group boosted their target price on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a report on Monday. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average target price of $3,876.96.

Booking Stock Up 1.5 %

NASDAQ BKNG opened at $3,660.00 on Tuesday. The firm has a market cap of $124.18 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. Booking has a 52 week low of $2,456.93 and a 52 week high of $3,918.00. The company has a 50 day moving average price of $3,528.95 and a 200 day moving average price of $3,418.38.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same period in the previous year, the company posted $11.60 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently modified their holdings of BKNG. Norges Bank acquired a new position in Booking in the fourth quarter valued at approximately $1,742,160,000. Pacer Advisors Inc. lifted its stake in shares of Booking by 2,479.0% in the 4th quarter. Pacer Advisors Inc. now owns 116,777 shares of the business services provider’s stock valued at $414,234,000 after purchasing an additional 112,249 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Booking during the 1st quarter worth $401,371,000. International Assets Investment Management LLC acquired a new stake in shares of Booking during the 4th quarter worth about $3,774,850,000. Finally, BlueSpruce Investments LP purchased a new stake in Booking in the 4th quarter valued at about $220,080,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,498.29, for a total transaction of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares in the company, valued at approximately $815,101.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the sale, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,498.29, for a total value of $97,952.12. Following the completion of the sale, the director now directly owns 233 shares of the company’s stock, valued at approximately $815,101.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,424 shares of company stock valued at $18,673,145. 0.12% of the stock is owned by company insiders.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, June 7th. Booking’s payout ratio is currently 26.25%.

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.