Equities Analysts Set Expectations for Booking Holdings Inc.’s Q2 2024 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Booking in a report released on Monday, May 6th. DA Davidson analyst T. White forecasts that the business services provider will post earnings per share of $38.69 for the quarter. DA Davidson currently has a “Buy” rating and a $4,150.00 price target on the stock. The consensus estimate for Booking’s current full-year earnings is $176.46 per share. DA Davidson also issued estimates for Booking’s FY2024 earnings at $179.21 EPS and FY2025 earnings at $201.33 EPS.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the firm posted $11.60 EPS. The company’s revenue was up 16.9% compared to the same quarter last year.

A number of other research firms also recently weighed in on BKNG. B. Riley started coverage on Booking in a research report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price target on the stock. UBS Group boosted their price objective on shares of Booking from $4,000.00 to $4,200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. JMP Securities reaffirmed a “market outperform” rating and set a $3,950.00 target price on shares of Booking in a report on Monday. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $3,823.00.

Booking Price Performance

Shares of BKNG opened at $3,598.41 on Tuesday. Booking has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The company has a market capitalization of $122.09 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.08 and a beta of 1.40. The firm’s 50 day simple moving average is $3,526.40 and its 200 day simple moving average is $3,412.40.

Institutional Investors Weigh In On Booking

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Booking by 8.8% during the third quarter. LPL Financial LLC now owns 15,301 shares of the business services provider’s stock valued at $47,188,000 after buying an additional 1,236 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Booking by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 4,390 shares of the business services provider’s stock valued at $13,539,000 after purchasing an additional 25 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Booking by 3.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after purchasing an additional 470 shares in the last quarter. Boston Trust Walden Corp purchased a new position in shares of Booking in the fourth quarter worth $24,841,000. Finally, Advisor Resource Council lifted its holdings in shares of Booking by 382.4% during the fourth quarter. Advisor Resource Council now owns 357 shares of the business services provider’s stock valued at $1,266,000 after purchasing an additional 283 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the sale, the insider now owns 4,233 shares in the company, valued at approximately $14,752,005. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Paulo Pisano sold 300 shares of Booking 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 transaction of $1,045,500.00. Following the completion of the transaction, the insider now directly owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the sale, the director now directly owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,483 shares of company stock worth $18,891,445. 0.12% of the stock is owned by corporate insiders.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 0.97%. Booking’s payout ratio is 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.