Cantor Fitzgerald Boosts Earnings Estimates for Booking

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for shares of Booking in a note issued to investors on Wednesday, April 30th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the business services provider will post earnings per share of $201.48 for the year, up from their prior estimate of $197.85. Cantor Fitzgerald currently has a “Neutral” rating and a $4,330.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $209.92 per share.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping analysts’ consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $20.39 EPS.

BKNG has been the subject of a number of other reports. Citigroup upped their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Benchmark upped their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, DA Davidson lifted their target price on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,262.41.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,202.80 on Friday. The firm has a market capitalization of $169.82 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a fifty day moving average of $4,652.67 and a 200 day moving average of $4,818.49.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.74%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date was Friday, March 7th. Booking’s payout ratio is presently 23.89%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Covestor Ltd raised its holdings in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of Booking by 1.6% in the 4th quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Booking by 2.2% in the 4th quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP lifted its position in Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 2 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Company Profile

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.