B. Riley Has Bearish Estimate for Booking FY2024 Earnings

Booking Holdings Inc. (NASDAQ:BKNG) – Equities research analysts at B. Riley cut their FY2024 earnings per share estimates for shares of Booking in a research note issued on Friday, January 17th. B. Riley analyst N. Khan now forecasts that the business services provider will post earnings per share of $180.60 for the year, down from their prior forecast of $182.14. B. Riley currently has a “Buy” rating and a $5,100.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $181.73 per share. B. Riley also issued estimates for Booking’s Q1 2025 earnings at $16.83 EPS, Q2 2025 earnings at $48.04 EPS and FY2029 earnings at $514.00 EPS.

A number of other research analysts have also recently commented on the stock. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. DA Davidson upped their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group upped their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Price Performance

BKNG stock opened at $4,686.41 on Monday. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market capitalization of $155.12 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The business has a 50 day simple moving average of $5,049.41 and a 200-day simple moving average of $4,391.39.

Institutional Investors Weigh In On Booking

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clarendon Private LLC acquired a new stake in Booking in the fourth quarter valued at $904,000. First Citizens Bank & Trust Co. acquired a new position in shares of Booking during the 4th quarter worth $308,000. Investment Research & Advisory Group Inc. raised its stake in shares of Booking by 0.4% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 687 shares of the business services provider’s stock worth $3,413,000 after buying an additional 3 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of Booking during the 4th quarter worth $204,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth $25,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.75%. Booking’s dividend payout ratio (DPR) is 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.