Research Analysts Issue Forecasts for Booking Holdings Inc.’s Q2 2023 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) – Equities researchers at DA Davidson issued their Q2 2023 EPS estimates for Booking in a research report issued on Monday, May 22nd. DA Davidson analyst T. White anticipates that the business services provider will post earnings per share of $28.70 for the quarter. The consensus estimate for Booking’s current full-year earnings is $136.24 per share.

Booking (NASDAQ:BKNG – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported $11.60 earnings per share for the quarter, beating the consensus estimate of $9.63 by $1.97. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.75 billion. Booking had a net margin of 22.14% and a return on equity of 148.40%. The company’s revenue was up 40.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.90 earnings per share.

A number of other equities analysts also recently commented on the stock. StockNews.com began coverage on shares of Booking in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Argus increased their price target on shares of Booking from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a research report on Thursday, April 13th. Piper Sandler raised their price target on shares of Booking from $2,524.00 to $2,583.00 in a report on Friday, May 5th. TheStreet cut shares of Booking from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Susquehanna upped their target price on Booking from $1,750.00 to $3,000.00 in a research report on Monday, May 8th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,753.25.

Booking Trading Down 2.5 %

NASDAQ:BKNG opened at $2,695.62 on Tuesday. The firm has a 50-day simple moving average of $2,613.67 and a 200-day simple moving average of $2,353.05. Booking has a one year low of $1,616.85 and a one year high of $2,786.85. The firm has a market cap of $99.55 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 11.16, a quick ratio of 1.59 and a current ratio of 1.59.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BKNG. Norges Bank purchased a new position in shares of Booking during the 4th quarter worth $1,068,137,000. Proficio Capital Partners LLC lifted its holdings in shares of Booking by 266,957.5% in the 1st quarter. Proficio Capital Partners LLC now owns 389,904 shares of the business services provider’s stock worth $390,000 after acquiring an additional 389,758 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Booking by 15,671.5% during the 1st quarter. Fisher Asset Management LLC now owns 334,041 shares of the business services provider’s stock worth $886,014,000 after purchasing an additional 331,923 shares during the period. Longview Partners Guernsey LTD acquired a new stake in shares of Booking in the third quarter valued at $452,154,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Booking by 503.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 188,796 shares of the business services provider’s stock valued at $85,684,000 after acquiring an additional 157,518 shares during the period. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 36 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2,418.64, for a total transaction of $87,071.04. Following the completion of the sale, the director now owns 651 shares of the company’s stock, valued at $1,574,534.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO David I. Goulden sold 550 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $2,418.64, for a total value of $1,330,252.00. Following the completion of the sale, the chief financial officer now owns 16,154 shares of the company’s stock, valued at $39,070,710.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 36 shares of Booking stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $2,418.64, for a total transaction of $87,071.04. Following the transaction, the director now directly owns 651 shares in the company, valued at $1,574,534.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,697 shares of company stock worth $9,543,636. Company insiders own 0.13% of the company’s stock.

Booking Company Profile

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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.