DA Davidson Comments on Booking’s Q4 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Booking in a research report issued on Friday, November 1st. DA Davidson analyst T. White expects that the business services provider will post earnings per share of $33.93 for the quarter. DA Davidson currently has a “Buy” rating and a $5,005.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $177.79 per share. DA Davidson also issued estimates for Booking’s FY2025 earnings at $207.06 EPS.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $37.62 EPS.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group raised their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday. Wells Fargo & Company raised their price target on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial assumed coverage on Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target on the stock. UBS Group raised their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Tigress Financial lifted their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Twelve research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4,680.18.

Booking Trading Up 1.6 %

Shares of NASDAQ BKNG opened at $4,749.11 on Monday. The company has a market cap of $157.20 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. Booking has a 12-month low of $2,756.39 and a 12-month high of $4,856.60. The stock’s 50 day simple moving average is $4,136.96 and its 200 day simple moving average is $3,886.98.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. Booking’s dividend payout ratio is 23.75%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Booking

A number of institutional investors have recently modified their holdings of BKNG. Whittier Trust Co. lifted its holdings in shares of Booking by 11.2% during the 1st quarter. Whittier Trust Co. now owns 588 shares of the business services provider’s stock valued at $2,133,000 after buying an additional 59 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Booking by 1.9% in the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 3 shares during the last quarter. United Community Bank grew its position in Booking by 6.9% in the first quarter. United Community Bank now owns 310 shares of the business services provider’s stock worth $1,125,000 after acquiring an additional 20 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Booking by 1.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,542 shares of the business services provider’s stock worth $56,385,000 after acquiring an additional 199 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of Booking by 43.9% during the 1st quarter. Coronation Fund Managers Ltd. now owns 11,924 shares of the business services provider’s stock worth $43,259,000 after purchasing an additional 3,639 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.