What is B. Riley’s Forecast for Booking FY2024 Earnings?

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at B. Riley boosted their FY2024 earnings per share (EPS) estimates for Booking in a report issued on Thursday, October 31st. B. Riley analyst N. Khan now anticipates that the business services provider will post earnings per share of $182.14 for the year, up from their previous estimate of $175.31. B. Riley has a “Buy” rating and a $5,100.00 price objective on the stock. The consensus estimate for Booking’s current full-year earnings is $179.44 per share. B. Riley also issued estimates for Booking’s Q4 2024 earnings at $36.52 EPS, Q3 2025 earnings at $98.60 EPS, Q4 2025 earnings at $43.96 EPS, FY2025 earnings at $209.55 EPS, FY2026 earnings at $252.34 EPS, FY2027 earnings at $318.50 EPS and FY2028 earnings at $400.43 EPS.

Other research analysts have also recently issued research reports about the company. DA Davidson lifted their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price target on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. JMP Securities lifted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4,729.14.

Booking Price Performance

NASDAQ:BKNG opened at $4,914.98 on Monday. Booking has a one year low of $2,888.45 and a one year high of $4,916.01. The company’s 50-day simple moving average is $4,177.20 and its 200 day simple moving average is $3,907.03. The firm has a market capitalization of $162.69 billion, a P/E ratio of 33.35, a PEG ratio of 1.49 and a beta of 1.38.

Institutional Investors Weigh In On Booking

Hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC purchased a new position in Booking during the 1st quarter worth $537,000. BDF Gestion purchased a new stake in shares of Booking in the 2nd quarter worth about $6,897,000. Gamco Investors INC. ET AL purchased a new position in shares of Booking during the 1st quarter worth approximately $519,000. CWM LLC raised its holdings in shares of Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after acquiring an additional 277 shares during the last quarter. Finally, Claro Advisors LLC boosted its stake in shares of Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the firm’s 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.12% of the company’s stock.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

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.