Booking Holdings Inc. (NASDAQ:BKNG) Expected to Earn Q2 2024 Earnings of $38.19 Per Share

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at Wedbush boosted their Q2 2024 earnings per share estimates for shares of Booking in a research report issued to clients and investors on Tuesday, July 30th. Wedbush analyst S. Devitt now expects that the business services provider will post earnings per share of $38.19 for the quarter, up from their prior estimate of $37.49. Wedbush has a “Outperform” rating and a $4,200.00 price objective on the stock. The consensus estimate for Booking’s current full-year earnings is $178.90 per share. Wedbush also issued estimates for Booking’s Q3 2024 earnings at $82.08 EPS and FY2025 earnings at $197.78 EPS.

Other equities analysts also recently issued reports about the company. DA Davidson cut their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday. Bank of America cut their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research note on Friday. Barclays dropped their price objective on Booking from $4,300.00 to $3,900.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley raised their price objective on Booking from $3,700.00 to $4,000.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Tigress Financial raised their price target on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $4,039.73.

Booking Trading Down 9.2 %

Booking stock opened at $3,328.13 on Friday. The stock has a market capitalization of $112.92 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.09 and a beta of 1.38. The stock has a 50 day moving average of $3,872.03 and a two-hundred day moving average of $3,690.67. Booking has a twelve month low of $2,733.04 and a twelve month high of $4,144.32.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 237.46% and a net margin of 22.46%. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the firm earned $37.62 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Booking by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after buying an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock valued at $1,865,949,000 after buying an additional 21,969 shares during the last quarter. Norges Bank bought a new stake in Booking in the fourth quarter valued at about $1,742,160,000. Fisher Asset Management LLC increased its holdings in Booking by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after buying an additional 15,381 shares during the last quarter. Finally, Ninety One UK Ltd increased its holdings in Booking by 3.1% in the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after buying an additional 10,889 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the sale, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

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.