B. Riley Has Bullish Forecast for Booking FY2024 Earnings

Booking Holdings Inc. (NASDAQ:BKNG) – B. Riley lifted their FY2024 earnings per share estimates for shares of 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 forecast 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 $177.79 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.

BKNG has been the topic of a number of other reports. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Friday. Tigress Financial lifted their price target on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. DA Davidson lifted their price target on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Evercore ISI lowered their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Barclays raised their price objective on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4,708.45.

Booking Trading Up 0.6 %

Shares of NASDAQ:BKNG opened at $4,776.46 on Monday. Booking has a 12-month low of $2,888.45 and a 12-month high of $4,856.60. The business’s fifty day simple moving average is $4,156.53 and its 200-day simple moving average is $3,896.46. The company has a market capitalization of $158.09 billion, a PE ratio of 32.41, a P/E/G ratio of 1.52 and a beta of 1.38.

Institutional Trading of Booking

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Booking during the third quarter worth $25,000. Grove Bank & Trust raised its stake in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Booking during the second quarter worth about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new position in shares of Booking during the third quarter worth about $29,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by company insiders.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. Booking’s dividend payout ratio is presently 23.75%.

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.