Booking Holdings Inc. (NASDAQ:BKNG – Free Report) – Investment analysts at Erste Group Bank boosted their FY2027 earnings per share estimates for Booking in a research report issued to clients and investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the business services provider will post earnings per share of $12.36 for the year, up from their prior forecast of $12.33. The consensus estimate for Booking’s current full-year earnings is $10.48 per share.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $55.40 EPS.
Read Our Latest Report on Booking
Booking Stock Up 0.8%
Shares of BKNG opened at $175.35 on Monday. The company has a market capitalization of $131.75 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.08 and a beta of 1.07. Booking has a 52-week low of $150.14 and a 52-week high of $225.00. The stock has a 50 day moving average price of $193.85 and a 200 day moving average price of $179.07.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BKNG. Bouchey Financial Group Ltd. acquired a new stake in shares of Booking in the second quarter valued at about $213,000. The Manufacturers Life Insurance Company lifted its position in Booking by 3,217.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 759,855 shares of the business services provider’s stock worth $135,437,000 after acquiring an additional 736,947 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Booking by 3,879.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 52,410 shares of the business services provider’s stock worth $9,342,000 after acquiring an additional 51,093 shares in the last quarter. Tidal Investments LLC boosted its holdings in Booking by 1,951.2% in the 2nd quarter. Tidal Investments LLC now owns 223,168 shares of the business services provider’s stock worth $43,030,000 after acquiring an additional 212,288 shares during the period. Finally, MCF Advisors LLC boosted its holdings in Booking by 3,242.5% in the 2nd quarter. MCF Advisors LLC now owns 1,337 shares of the business services provider’s stock worth $238,000 after acquiring an additional 1,297 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Booking
In other news, insider Paulo Pisano sold 3,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $203.48, for a total transaction of $610,440.00. Following the completion of the sale, the insider owned 73,400 shares in the company, valued at approximately $14,935,432. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the sale, the vice president owned 375,025 shares of the company’s stock, valued at $77,851,439.75. This trade represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 81,550 shares of company stock worth $16,922,744 in the last three months. Company insiders own 0.17% of the company’s stock.
Booking Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.
Booking Company Profile
Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.
Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.
Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.
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