Q3 2024 EPS Estimates for Booking Holdings Inc. Decreased by Wedbush (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Stock analysts at Wedbush dropped their Q3 2024 EPS estimates for Booking in a research note issued on Friday, May 3rd. Wedbush analyst S. Devitt now forecasts that the business services provider will post earnings of $79.13 per share for the quarter, down from their prior estimate of $81.14. Wedbush currently 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.

BKNG has been the topic of a number of other research reports. Edward Jones reiterated a “hold” rating on shares of Booking in a research report on Friday, February 16th. Mizuho raised their target price on Booking from $3,580.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. The Goldman Sachs Group increased their price target on Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Oppenheimer raised their price objective on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Booking in a research report on Tuesday, February 20th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,844.48.

Booking Trading Up 0.2 %

Shares of Booking stock opened at $3,605.41 on Monday. The business has a 50-day moving average price of $3,528.95 and a two-hundred day moving average price of $3,418.38. Booking has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The company has a market cap of $122.33 billion, a P/E ratio of 27.04, a PEG ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.25 billion. During the same quarter in the previous year, the company posted $11.60 EPS. The business’s revenue was up 16.9% on a year-over-year basis.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is 26.25%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was 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 owns 4,233 shares of the company’s stock, valued at $14,752,005. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at $14,752,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The disclosure for this sale can be found here. Insiders have sold 5,424 shares of company stock valued at $18,673,145 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Booking

Several institutional investors and hedge funds have recently made changes to their positions in BKNG. Diversified Trust Co boosted its stake in Booking by 0.4% during the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock valued at $2,710,000 after purchasing an additional 3 shares in the last quarter. Howard Financial Services LTD. boosted its position in shares of Booking by 2.4% during the 4th 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% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock worth $312,000 after purchasing an additional 3 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock worth $245,000 after purchasing an additional 3 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in Booking by 1.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is currently 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.