DA Davidson Comments on Booking’s Q1 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Booking in a report released on Monday, February 24th. DA Davidson analyst T. White anticipates that the business services provider will earn $17.89 per share for the quarter. DA Davidson currently has a “Buy” rating and a $5,800.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $209.92 per share. DA Davidson also issued estimates for Booking’s FY2025 earnings at $209.20 EPS and FY2026 earnings at $244.52 EPS.

BKNG has been the subject of several other reports. Wells Fargo & Company increased their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Morgan Stanley increased their price target on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Cantor Fitzgerald increased their price target on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. The Goldman Sachs Group increased their price target on Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Up 0.0 %

BKNG stock opened at $5,034.55 on Tuesday. The company has a market capitalization of $165.18 billion, a P/E ratio of 29.09, a PEG ratio of 1.71 and a beta of 1.39. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The business has a 50 day simple moving average of $4,900.68 and a 200-day simple moving average of $4,594.68.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%.

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. lifted its stake in shares of Booking by 5.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 349 shares of the business services provider’s stock valued at $1,735,000 after purchasing an additional 19 shares in the last quarter. United Advisor Group LLC purchased a new stake in shares of Booking during the 4th quarter valued at about $204,000. American Trust purchased a new stake in shares of Booking during the 4th quarter valued at about $869,000. Ascent Group LLC raised its holdings in shares of Booking by 19.9% during the 4th quarter. Ascent Group LLC now owns 193 shares of the business services provider’s stock valued at $959,000 after buying an additional 32 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in shares of Booking during the 4th quarter valued at about $229,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, March 7th. Booking’s payout ratio is currently 20.23%.

About Booking

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.