FY2023 EPS Estimates for Booking Holdings Inc. (NASDAQ:BKNG) Lifted by Analyst

Booking Holdings Inc. (NASDAQ:BKNG – Get Rating) – Equities research analysts at DA Davidson raised their FY2023 earnings estimates for shares of Booking in a note issued to investors on Monday, May 22nd. DA Davidson analyst T. White now expects that the business services provider will post earnings of $140.65 per share for the year, up from their previous forecast of $111.91. The consensus estimate for Booking’s current full-year earnings is $136.24 per share. DA Davidson also issued estimates for Booking’s FY2024 earnings at $161.58 EPS.

BKNG has been the topic of a number of other reports. Barclays boosted their target price on shares of Booking from $2,911.00 to $2,960.00 in a report on Friday, May 5th. JMP Securities increased their price objective on shares of Booking from $2,750.00 to $3,000.00 in a research report on Monday, May 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Booking from $2,910.00 to $3,000.00 in a research report on Monday, May 8th. Mizuho increased their price objective on shares of Booking from $2,670.00 to $2,950.00 in a research report on Friday, May 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Booking from $2,250.00 to $2,630.00 and gave the company a “neutral” rating in a research report on Friday, February 24th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,753.25.

Booking Stock Performance

Shares of BKNG stock opened at $2,625.83 on Wednesday. The company’s fifty day simple moving average is $2,621.10 and its 200-day simple moving average is $2,360.29. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 11.16. The firm has a market cap of $96.97 billion, a PE ratio of 25.75, a P/E/G ratio of 1.20 and a beta of 1.33. Booking has a 12 month low of $1,616.85 and a 12 month high of $2,786.85.

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

Insider Buying and Selling

In related news, CFO David I. Goulden sold 550 shares of Booking stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $2,626.99, for a total transaction of $1,444,844.50. Following the sale, the chief financial officer now directly owns 15,054 shares in the company, valued at approximately $39,546,707.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Booking news, CFO David I. Goulden sold 550 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $2,626.99, for a total transaction of $1,444,844.50. Following the completion of the transaction, the chief financial officer now owns 15,054 shares in the company, valued at approximately $39,546,707.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 36 shares of Booking stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $2,418.64, for a total transaction of $87,071.04. Following the completion of the sale, the director now owns 651 shares of the company’s stock, valued at approximately $1,574,534.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,697 shares of company stock worth $9,543,636 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Booking

Several hedge funds have recently modified their holdings of BKNG. Norges Bank bought a new stake in shares of Booking in the 4th quarter valued at $1,068,137,000. Proficio Capital Partners LLC increased its stake in Booking by 266,957.5% during the 1st quarter. Proficio Capital Partners LLC now owns 389,904 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 389,758 shares in the last quarter. Fisher Asset Management LLC increased its stake in Booking by 15,671.5% during the 1st quarter. Fisher Asset Management LLC now owns 334,041 shares of the business services provider’s stock valued at $886,014,000 after purchasing an additional 331,923 shares in the last quarter. Longview Partners Guernsey LTD bought a new stake in Booking during the 3rd quarter valued at $452,154,000. Finally, Envestnet Asset Management Inc. increased its stake in Booking by 503.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 188,796 shares of the business services provider’s stock valued at $85,684,000 after purchasing an additional 157,518 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

About Booking

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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.