Brokers Issue Forecasts for Booking Holdings Inc.’s Q3 2024 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Investment analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Booking in a report issued on Friday, July 12th. B. Riley analyst N. Khan now expects that the business services provider will post earnings per share of $83.57 for the quarter, down from their previous forecast of $83.70. B. Riley has a “Buy” rating and a $4,900.00 price objective on the stock. The consensus estimate for Booking’s current full-year earnings is $178.54 per share. B. Riley also issued estimates for Booking’s Q1 2025 earnings at $18.58 EPS, Q2 2025 earnings at $46.73 EPS, Q3 2025 earnings at $99.65 EPS and Q4 2025 earnings at $46.89 EPS.

Several other brokerages have also recently commented on BKNG. Tigress Financial boosted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. Barclays lifted their target price on Booking from $3,800.00 to $4,300.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $4,205.00 target price (up previously from $4,150.00) on shares of Booking in a report on Friday, May 3rd. Argus lifted their price target on shares of Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,980.15.

Booking Trading Up 2.3 %

Shares of BKNG stock opened at $4,026.43 on Monday. The stock has a market cap of $136.62 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. Booking has a 1 year low of $2,733.04 and a 1 year high of $4,051.69. The stock has a 50 day simple moving average of $3,849.92 and a 200 day simple moving average of $3,657.67.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the company earned $11.60 EPS. The business’s revenue was up 16.9% on a year-over-year basis.

Institutional Inflows and Outflows

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

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 189 shares in the company, valued at $649,640.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $35.00 dividend on an annualized basis and a yield of 0.87%. Booking’s dividend payout ratio (DPR) 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.