DA Davidson Weighs in on Booking's Q4 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for Booking in a research note issued to investors on Friday, November 1st. DA Davidson analyst T. White forecasts that the business services provider will earn $33.93 per share for the quarter. DA Davidson has a "Buy" rating and a $5,005.00 price target on the stock. The consensus estimate for Booking's current full-year earnings is $177.79 per share. DA Davidson also issued estimates for Booking's FY2025 earnings at $207.06 EPS.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted 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 note on Friday. Bank of America increased their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company raised their price target on Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upped their price objective on Booking from $4,200.00 to $4,600.00 and gave the stock an "equal weight" rating in a research note on Friday. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $4,708.45.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $27.35 during trading on Monday, reaching $4,776.46. The stock had a trading volume of 199,820 shares, compared to its average volume of 247,205. The firm's 50 day moving average price is $4,156.53 and its two-hundred day moving average price is $3,896.46. Booking has a one year low of $2,888.45 and a one year high of $4,856.60. The stock has a market cap of $158.09 billion, a PE ratio of 32.41, a P/E/G ratio of 1.52 and a beta of 1.38.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the company earned $37.62 earnings per share. Booking's quarterly revenue was up 7.3% on a year-over-year basis.

Institutional Investors Weigh In On Booking

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider's stock worth $10,718,390,000 after acquiring an additional 12,456 shares during the period. Janus Henderson Group PLC lifted its position in shares of Booking by 4.5% in the first quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider's stock worth $1,865,949,000 after purchasing an additional 21,969 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of Booking by 3.1% during the second quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider's stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the period. Mawer Investment Management Ltd. grew its position in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider's stock valued at $702,049,000 after purchasing an additional 43,743 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Booking in the 3rd quarter valued at approximately $5,322,600,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company's stock.

Booking Dividend Announcement

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. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. Booking's dividend payout ratio (DPR) 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.