Booking Holdings Inc. (NASDAQ:BKNG - Free Report) - Research analysts at B. Riley issued their Q1 2024 earnings per share estimates for shares of Booking in a research note issued to investors on Tuesday, April 2nd. B. Riley analyst N. Khan anticipates that the business services provider will post earnings per share of $14.27 for the quarter. B. Riley has a "Buy" rating and a $4,400.00 price target on the stock. The consensus estimate for Booking's current full-year earnings is $175.46 per share. B. Riley also issued estimates for Booking's Q2 2024 earnings at $41.44 EPS, Q3 2024 earnings at $85.50 EPS, Q4 2024 earnings at $40.19 EPS, FY2024 earnings at $180.21 EPS, FY2025 earnings at $245.31 EPS, FY2026 earnings at $312.07 EPS, FY2027 earnings at $403.48 EPS and FY2028 earnings at $527.25 EPS.
Several other equities analysts have also issued reports on BKNG. Seaport Res Ptn reiterated a "buy" rating on shares of Booking in a research note on Tuesday, February 20th. Tigress Financial boosted their price objective on Booking from $3,855.00 to $4,285.00 and gave the stock a "strong-buy" rating in a research report on Thursday, December 28th. Oppenheimer boosted their price objective on Booking from $3,450.00 to $4,200.00 and gave the stock an "outperform" rating in a research report on Monday, February 5th. Royal Bank of Canada boosted their price objective on Booking from $3,550.00 to $3,900.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, Susquehanna boosted their price objective on Booking from $3,600.00 to $4,100.00 and gave the stock a "positive" rating in a research report on Monday, February 26th. Eight 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's stock. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,723.41.
Read Our Latest Research Report on Booking
Booking Stock Up 2.3 %
Shares of BKNG traded up $79.97 during midday trading on Friday, hitting $3,601.90. The company's stock had a trading volume of 258,489 shares, compared to its average volume of 286,001. Booking has a one year low of $2,456.93 and a one year high of $3,918.00. The company's fifty day simple moving average is $3,593.88 and its two-hundred day simple moving average is $3,336.55. The stock has a market capitalization of $123.08 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.11 and a beta of 1.40.
Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts' consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the company earned $24.74 EPS. The company's revenue was up 18.2% on a year-over-year basis.
Hedge Funds Weigh In On Booking
Institutional investors have recently bought and sold shares of the company. Activest Wealth Management purchased a new stake in shares of Booking in the fourth quarter worth $25,000. Naples Money Management LLC purchased a new stake in shares of Booking in the fourth quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking in the fourth quarter worth $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Booking in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Insiders Place Their Bets
In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the completion of the transaction, the director now directly owns 348 shares of the company's stock, valued at $1,217,234.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 28 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the completion of the transaction, the director now directly owns 348 shares of the company's stock, valued at $1,217,234.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David I. Goulden sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $3,494.47, for a total value of $3,494,470.00. Following the completion of the transaction, the chief financial officer now directly owns 10,204 shares of the company's stock, valued at $35,657,571.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,467 shares of company stock valued at $22,299,114. Corporate insiders own 0.15% of the company's stock.
Booking Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued 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 of this dividend was Thursday, March 7th. Booking's dividend payout ratio is currently 29.67%.
About Booking
(
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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.
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