Cantor Fitzgerald Predicts Stronger Earnings for Booking

Booking Holdings Inc. (NASDAQ:BKNG - Free Report) - Equities research analysts at Cantor Fitzgerald lifted their FY2025 EPS estimates for Booking in a report released on Wednesday, April 30th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the business services provider will earn $201.48 per share for the year, up from their prior estimate of $197.85. Cantor Fitzgerald has a "Neutral" rating and a $4,330.00 price objective on the stock. The consensus estimate for Booking's current full-year earnings is $209.92 per share.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share 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 the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $20.39 earnings per share.

BKNG has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a report on Monday, April 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, StockNews.com upgraded Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,262.41.

Booking Stock Up 0.6 %

NASDAQ:BKNG traded up $29.30 during trading hours on Friday, reaching $5,191.67. The company had a trading volume of 70,488 shares, compared to its average volume of 249,223. The business's 50-day simple moving average is $4,660.78 and its two-hundred day simple moving average is $4,833.19. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market cap of $168.94 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.71 and a beta of 1.42.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $9.60 dividend. The ex-dividend date was Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.74%. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's payout ratio is currently 23.89%.

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking during the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the 4th quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking in the 4th quarter worth about $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the fourth quarter valued at about $30,000. Finally, Valley National Advisers Inc. raised its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares in 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.