FY2023 Earnings Forecast for Booking Holdings Inc. Issued By DA Davidson (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) – Analysts at DA Davidson upped their FY2023 EPS estimates for Booking in a research report issued to clients and investors on Monday, February 27th. DA Davidson analyst T. White now anticipates that the business services provider will post earnings per share of $111.91 for the year, up from their prior forecast of $96.00. The consensus estimate for Booking’s current full-year earnings is $123.33 per share.

Booking (NASDAQ:BKNG – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The business services provider reported $24.74 earnings per share for the quarter, beating analysts’ consensus estimates of $20.97 by $3.77. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.90 billion. Booking had a return on equity of 107.86% and a net margin of 17.89%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $15.83 earnings per share.

A number of other analysts have also weighed in on the company. Mizuho increased their price objective on Booking from $2,170.00 to $2,670.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Morgan Stanley increased their price objective on Booking from $2,300.00 to $2,500.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group raised their price target on Booking from $2,785.00 to $2,900.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Evercore ISI raised their price target on Booking from $2,600.00 to $3,000.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $2,675.16.

Booking Stock Performance

NASDAQ:BKNG opened at $2,552.32 on Wednesday. The firm has a market cap of $96.09 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. Booking has a fifty-two week low of $1,616.85 and a fifty-two week high of $2,554.25. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.86 and a current ratio of 1.86. The business has a 50 day moving average price of $2,315.56 and a 200-day moving average price of $2,040.86.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 35 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total transaction of $68,839.40. Following the completion of the transaction, the director now directly owns 758 shares in the company, valued at $1,490,864.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Glenn D. Fogel sold 100 shares of Booking stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $2,314.64, for a total value of $231,464.00. Following the completion of the sale, the chief executive officer now directly owns 44,874 shares in the company, valued at approximately $103,867,155.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the sale, the director now owns 758 shares of the company’s stock, valued at $1,490,864.72. The disclosure for this sale can be found here. Insiders sold 2,120 shares of company stock worth $4,893,155 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Activest Wealth Management purchased a new position in shares of Booking during the 3rd quarter valued at about $25,000. Chilton Capital Management LLC purchased a new position in shares of Booking during the 2nd quarter valued at about $26,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at about $26,000. Delta Asset Management LLC TN purchased a new position in shares of Booking during the 4th quarter valued at about $30,000. Finally, AXS Investments LLC purchased a new position in shares of Booking during the 4th quarter valued at about $30,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

About Booking

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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.