Cantor Fitzgerald Forecasts Reduced Earnings for Booking

Booking Holdings Inc. (NASDAQ:BKNG) – Stock analysts at Cantor Fitzgerald cut their FY2025 earnings per share (EPS) estimates for shares of Booking in a research report issued to clients and investors on Wednesday, July 30th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the business services provider will earn $181.84 per share for the year, down from their previous forecast of $210.87. Cantor Fitzgerald has a “Neutral” rating on the stock. The consensus estimate for Booking’s current full-year earnings is $209.92 per share. Cantor Fitzgerald also issued estimates for Booking’s FY2026 earnings at $262.94 EPS.

Other equities analysts have also recently issued research reports about the stock. Wedbush restated a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a research report on Wednesday. Bank of America boosted their price target on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Barclays upped their price target on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday. Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Finally, Truist Financial upped their target price on Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a report on Monday, July 14th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $5,781.04.

Booking Stock Down 2.1%

NASDAQ:BKNG opened at $5,386.29 on Friday. The firm has a market capitalization of $174.57 billion, a P/E ratio of 37.46, a P/E/G ratio of 1.59 and a beta of 1.41. The company has a fifty day moving average of $5,568.80 and a 200 day moving average of $5,074.51. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the prior year, the firm posted $41.90 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year.

Institutional Trading of Booking

Large investors have recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Booking during the fourth quarter valued at approximately $209,000. Bryce Point Capital LLC bought a new position in Booking in the fourth quarter worth approximately $547,000. OneAscent Financial Services LLC raised its position in Booking by 22.9% in the fourth quarter. OneAscent Financial Services LLC now owns 118 shares of the business services provider’s stock worth $586,000 after acquiring an additional 22 shares during the period. Finally, Westpac Banking Corp boosted its stake in shares of Booking by 1.5% during the 4th quarter. Westpac Banking Corp now owns 2,447 shares of the business services provider’s stock worth $12,158,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares of the company’s stock, valued at $151,674,935. This represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 3,039 shares of company stock worth $16,963,769. 0.16% of the stock is currently owned by insiders.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is currently 23.89%.

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.