Q3 2024 EPS Estimates for Booking Holdings Inc. Reduced by Analyst (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Analysts at Wedbush dropped their Q3 2024 EPS estimates for shares of Booking in a report issued on Friday, May 3rd. Wedbush analyst S. Devitt now anticipates that the business services provider will post earnings of $79.13 per share for the quarter, down from their previous estimate of $81.14. Wedbush has a “Outperform” rating and a $3,850.00 price objective on the stock. The consensus estimate for Booking’s current full-year earnings is $176.46 per share. Wedbush also issued estimates for Booking’s Q4 2024 earnings at $36.02 EPS, FY2024 earnings at $172.54 EPS and FY2025 earnings at $195.91 EPS.

Several other research analysts have also weighed in on BKNG. Susquehanna boosted their price objective on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a research note on Monday, February 26th. Oppenheimer upped their price target on shares of Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Royal Bank of Canada upped their price target on shares of Booking from $3,550.00 to $3,900.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Erste Group Bank reiterated a “hold” rating on shares of Booking in a research note on Wednesday, March 13th. Finally, Edward Jones reiterated a “hold” rating on shares of Booking in a research note on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,823.00.

Booking Price Performance

Booking stock opened at $3,577.38 on Monday. The firm has a market capitalization of $121.70 billion, a PE ratio of 26.83, a P/E/G ratio of 1.08 and a beta of 1.40. The company’s 50-day moving average is $3,524.43 and its 200-day moving average is $3,406.68. Booking has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00.

Booking (NASDAQ:BKNG) last released 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. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 433.49%. Booking’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $11.60 EPS.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Transactions at Booking

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the sale, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now directly owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $14,752,005. The disclosure for this sale can be found here. Insiders sold a total of 5,483 shares of company stock valued at $18,891,445 over the last ninety days. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booking

Institutional investors and hedge funds have recently bought and sold shares of the company. Diversified Trust Co lifted its position in shares of Booking by 0.4% during the fourth quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares in the last quarter. Howard Financial Services LTD. raised its position in Booking by 2.4% during the fourth quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 3 shares in the last quarter. Rockland Trust Co. grew its stake in shares of Booking by 3.5% during the fourth quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after buying an additional 3 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Booking by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after buying an additional 3 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Booking by 1.9% in the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by 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.