B. Riley Comments on Booking’s FY2024 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Investment analysts at B. Riley lowered their FY2024 earnings estimates for shares of Booking in a research note issued on Friday, January 17th. B. Riley analyst N. Khan now anticipates that the business services provider will post earnings of $180.60 per share for the year, down from their prior estimate of $182.14. B. Riley currently has a “Buy” rating and a $5,100.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $181.84 per share. B. Riley also issued estimates for Booking’s Q1 2025 earnings at $16.83 EPS, Q2 2025 earnings at $48.04 EPS and FY2029 earnings at $514.00 EPS.

A number of other equities analysts have also recently weighed in on the company. DA Davidson raised their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Oppenheimer upped their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Up 1.3 %

NASDAQ BKNG opened at $4,926.80 on Monday. The stock’s 50-day simple moving average is $5,052.18 and its two-hundred day simple moving average is $4,384.28. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company has a market capitalization of $163.08 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.60 and a beta of 1.41.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Booking

Several large investors have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the 3rd quarter worth about $25,000. West Financial Advisors LLC bought a new stake in Booking during the 3rd quarter valued at about $29,000. Addison Advisors LLC raised its holdings in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Booking in the second quarter worth approximately $41,000. Finally, Carmichael Hill & Associates Inc. grew its holdings in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.