Wedbush Estimates Booking’s FY2025 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Wedbush lifted their FY2025 earnings estimates for shares of Booking in a research note issued on Wednesday, October 22nd. Wedbush analyst S. Devitt now anticipates that the business services provider will post earnings of $223.10 per share for the year, up from their prior forecast of $222.59. Wedbush currently has a “Neutral” rating and a $5,900.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $209.92 per share.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS.

Several other brokerages have also issued reports on BKNG. Royal Bank Of Canada upped their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. DA Davidson upped their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. UBS Group upped their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Cantor Fitzgerald cut their target price on shares of Booking from $5,660.00 to $5,590.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Booking from $5,418.00 to $5,443.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,994.00.

Booking Price Performance

BKNG opened at $5,230.59 on Thursday. The company has a fifty day moving average price of $5,446.77 and a 200-day moving average price of $5,347.81. The firm has a market capitalization of $169.52 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. Booking has a one year low of $4,096.23 and a one year high of $5,839.41.

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently modified their holdings of BKNG. Halbert Hargrove Global Advisors LLC raised its stake in shares of Booking by 150.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 3 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the first quarter valued at about $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking during the second quarter valued at about $29,000. Westside Investment Management Inc. raised its stake in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of Booking during the first quarter valued at about $32,000. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 over the last three months. Insiders own 0.16% of the company’s stock.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s payout ratio is currently 26.71%.

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.