FY2024 Earnings Forecast for Booking Holdings Inc. Issued By Wedbush (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Stock analysts at Wedbush increased their FY2024 earnings per share estimates for Booking in a research note issued on Tuesday, July 30th. Wedbush analyst S. Devitt now expects that the business services provider will post earnings of $176.76 per share for the year, up from their prior estimate of $172.54. Wedbush currently has a “Outperform” rating and a $4,200.00 target price 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 Q4 2024 earnings at $36.62 EPS.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results 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 288.35% and a net margin of 21.81%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the firm earned $37.62 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis.

A number of other equities research analysts have also weighed in on BKNG. Morgan Stanley boosted their price target on Booking from $3,700.00 to $4,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their target price on Booking from $3,497.00 to $3,976.00 and gave the company an “equal weight” rating in a research report on Friday. Evercore ISI dropped their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday. HSBC upped their target price on Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, DA Davidson dropped their target price on Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4,039.73.

Booking Stock Performance

Shares of BKNG stock opened at $3,328.13 on Thursday. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,144.32. The firm has a market capitalization of $112.92 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.11 and a beta of 1.39. The stock’s 50-day simple moving average is $3,872.03 and its 200-day simple moving average is $3,689.37.

Insider Buying and Selling at Booking

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKNG. Global Assets Advisory LLC acquired a new stake in shares of Booking during the 1st quarter worth about $401,371,000. Crestwood Advisors Group LLC increased its position in shares of Booking by 3.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 16,248 shares of the business services provider’s stock worth $57,635,000 after purchasing an additional 470 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in shares of Booking during the 4th quarter worth about $24,841,000. Baader Bank Aktiengesellschaft increased its position in shares of Booking by 35.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,889 shares of the business services provider’s stock worth $6,699,000 after purchasing an additional 497 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Booking by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 32,089 shares of the business services provider’s stock valued at $113,827,000 after acquiring an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.