Wedbush Has Optimistic Outlook of Booking FY2025 Earnings

Booking Holdings Inc. (NASDAQ:BKNG) – Wedbush increased their FY2025 earnings per share (EPS) estimates for Booking in a note issued to investors on Wednesday, October 22nd. Wedbush analyst S. Devitt now forecasts that the business services provider will post earnings per share of $223.10 for the year, up from their previous forecast of $222.59. Wedbush has a “Neutral” rating and a $5,900.00 price objective on the stock. The consensus estimate for Booking’s current full-year earnings is $209.92 per share.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the company posted $41.90 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS.

Other equities analysts also recently issued research reports about the company. Morgan Stanley set a $5,650.00 price target on Booking and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Bank of America raised their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Mizuho started coverage on shares of Booking in a research note on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price objective on the stock. Finally, DA Davidson raised their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $5,994.00.

Booking Stock Down 2.6%

Shares of BKNG stock opened at $5,093.47 on Thursday. Booking has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The business’s 50 day moving average is $5,438.95 and its two-hundred day moving average is $5,353.66. The company has a market cap of $165.08 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 over the last ninety days. 0.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in Booking in the second quarter worth $29,000. Westside Investment Management Inc. lifted its holdings in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 3 shares during the period. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the first quarter valued at $28,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Booking during the second quarter valued at $35,000. 92.42% of the stock is owned by institutional investors.

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.