Equities Analysts 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 estimates for shares of Booking in a research report issued on Monday, May 6th. DA Davidson analyst T. White anticipates that the business services provider will post earnings of $38.69 per share 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.

Booking (NASDAQ:BKNG) last released 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 negative return on equity of 288.35% and a net margin of 21.81%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the business posted $11.60 EPS. Booking’s quarterly revenue was up 16.9% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. Mizuho increased their target price on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays cut their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Royal Bank of Canada upped their target price on Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. raised their price target on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,876.96.

Booking Price Performance

Shares of BKNG opened at $3,660.00 on Tuesday. The stock has a market capitalization 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. The business’s fifty day moving average price is $3,528.95 and its 200 day moving average price is $3,418.38. Booking has a 12-month low of $2,456.93 and a 12-month high of $3,918.00.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, June 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at approximately $649,640.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the completion of the sale, the director now owns 189 shares of the company’s stock, valued at $649,640.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The disclosure for this sale can be found here. Insiders sold 5,424 shares of company stock valued at $18,673,145 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

Large investors have recently made changes to their positions in the business. Activest Wealth Management acquired a new position in shares of Booking during the fourth quarter worth approximately $25,000. Naples Money Management LLC acquired a new position in shares of Booking during the fourth quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Booking in the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new stake in Booking during the fourth quarter worth about $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at about $28,000. 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.