DA Davidson Weighs in on Booking Holdings Inc.’s Q2 2023 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) – Stock analysts at DA Davidson issued their Q2 2023 earnings per share estimates for Booking in a report released on Monday, May 22nd. DA Davidson analyst T. White forecasts that the business services provider will post earnings of $28.70 per share for the quarter. The consensus estimate for Booking’s current full-year earnings is $136.24 per share.

Booking (NASDAQ:BKNG – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported $11.60 EPS for the quarter, beating analysts’ consensus estimates of $9.63 by $1.97. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. Booking had a net margin of 22.14% and a return on equity of 148.40%. Booking’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.90 earnings per share.

Several other analysts have also commented on the stock. Piper Sandler increased their target price on shares of Booking from $2,524.00 to $2,583.00 in a research note on Friday, May 5th. TheStreet lowered shares of Booking from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Credit Suisse Group upped their price target on shares of Booking from $2,600.00 to $2,850.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. StockNews.com began coverage on Booking in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on Booking from $2,250.00 to $2,630.00 and gave the stock a “neutral” rating in a research note on Friday, February 24th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,753.25.

Booking Trading Down 2.2 %

NASDAQ BKNG opened at $2,637.49 on Tuesday. The company’s fifty day simple moving average is $2,616.90 and its 200-day simple moving average is $2,358.42. Booking has a 52 week low of $1,616.85 and a 52 week high of $2,786.85. The stock has a market cap of $97.40 billion, a P/E ratio of 25.87, a PEG ratio of 1.23 and a beta of 1.33. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 11.16.

Institutional Investors Weigh In On Booking

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC bought a new stake in Booking during the fourth quarter valued at $26,000. Albion Financial Group UT bought a new stake in Booking in the 1st quarter worth approximately $27,000. Arlington Partners LLC bought a new position in Booking during the first quarter valued at approximately $27,000. Delta Asset Management LLC TN bought a new position in shares of Booking during the 4th quarter valued at $30,000. Finally, AXS Investments LLC bought a new stake in Booking in the fourth quarter worth $30,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 427 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total value of $1,036,375.97. Following the sale, the chief executive officer now owns 42,949 shares in the company, valued at $104,241,947.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Glenn D. Fogel sold 427 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $2,427.11, for a total transaction of $1,036,375.97. Following the completion of the sale, the chief executive officer now directly owns 42,949 shares in the company, valued at $104,241,947.39. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $2,641.08, for a total transaction of $1,980,810.00. Following the sale, the chief executive officer now directly owns 41,449 shares in the company, valued at approximately $109,470,124.92. The disclosure for this sale can be found here. Insiders have sold 3,697 shares of company stock valued at $9,543,636 over the last three months. 0.13% of the stock is owned by insiders.

Booking Company Profile

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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.