Research Analysts Issue Forecasts for Booking Holdings Inc.'s FY2022 Earnings (NASDAQ:BKNG)

Booking Holdings Inc. (NASDAQ:BKNG - Get Rating) - Analysts at Oppenheimer boosted their FY2022 earnings estimates for shares of Booking in a research report issued on Wednesday, January 11th. Oppenheimer analyst J. Kelly now anticipates that the business services provider will post earnings per share of $96.10 for the year, up from their prior estimate of $95.50. The consensus estimate for Booking's current full-year earnings is $95.64 per share. Oppenheimer also issued estimates for Booking's Q4 2022 earnings at $20.95 EPS, FY2023 earnings at $116.07 EPS and FY2024 earnings at $138.49 EPS.

A number of other research analysts have also weighed in on the company. Bank of America raised their price objective on Booking from $2,200.00 to $2,250.00 and gave the company a "buy" rating in a report on Thursday, November 3rd. Barclays raised their price objective on Booking from $2,370.00 to $2,430.00 and gave the company an "overweight" rating in a report on Tuesday, November 22nd. Morgan Stanley raised their price objective on Booking from $2,000.00 to $2,150.00 and gave the company an "equal weight" rating in a report on Thursday, November 3rd. Mizuho decreased their price objective on Booking from $2,300.00 to $2,170.00 and set a "buy" rating on the stock in a report on Thursday, November 3rd. Finally, Wolfe Research lowered Booking from an "outperform" rating to a "peer perform" rating in a report on Wednesday, December 7th. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,424.85.

Booking Price Performance

Booking stock opened at $2,256.77 on Friday. The company's fifty day moving average price is $2,010.37 and its 200 day moving average price is $1,903.02. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $87.54 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.12 and a beta of 1.26. Booking has a 1 year low of $1,616.85 and a 1 year high of $2,715.66.

Booking (NASDAQ:BKNG - Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $53.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $49.40 by $3.63. Booking had a net margin of 15.23% and a return on equity of 81.11%. The firm had revenue of $6.05 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the company earned $37.70 EPS. The firm's revenue for the quarter was up 28.8% compared to the same quarter last year.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently made changes to their positions in BKNG. Activest Wealth Management acquired a new position in shares of Booking during the third quarter worth about $25,000. Chilton Capital Management LLC acquired a new position in shares of Booking during the second quarter worth about $26,000. MV Capital Management Inc. grew its position in shares of Booking by 63.6% during the second quarter. MV Capital Management Inc. now owns 18 shares of the business services provider's stock worth $31,000 after buying an additional 7 shares in the last quarter. St. James Investment Advisors LLC grew its position in shares of Booking by 50.0% during the third quarter. St. James Investment Advisors LLC now owns 21 shares of the business services provider's stock worth $35,000 after buying an additional 7 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Booking during the second quarter worth about $40,000. 89.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 35 shares of Booking stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $1,966.84, for a total value of $68,839.40. Following the completion of the transaction, the director now directly owns 758 shares of the company's stock, valued at approximately $1,490,864.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.

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