B. Riley Has Bearish Estimate for Booking FY2024 Earnings

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at B. Riley dropped their FY2024 EPS estimates for Booking in a research report 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 $181.84 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.

BKNG has been the subject of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Barclays lifted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Oppenheimer upped their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus price target of $4,997.64.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,926.80 on Monday. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $163.06 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The stock has a 50 day moving average price of $5,052.18 and a 200 day moving average price of $4,381.01.

Institutional Investors Weigh In On Booking

Institutional investors have recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the third quarter worth $25,000. West Financial Advisors LLC purchased a new position in shares of Booking in the 3rd quarter valued at approximately $29,000. Addison Advisors LLC boosted its stake in Booking by 80.0% in the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC acquired a new position in Booking during the 2nd quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock worth $42,000 after buying an additional 4 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. Booking’s dividend payout ratio is currently 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.