Cantor Fitzgerald Has Lowered Expectations for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its price objective reduced by Cantor Fitzgerald from $5,100.00 to $4,900.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the business services provider’s stock. Cantor Fitzgerald also issued estimates for Booking’s FY2025 earnings at $199.90 EPS.

Several other equities research analysts have also weighed in on BKNG. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Truist Financial upped their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company dropped their target price on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Citigroup lifted their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Price Performance

Booking stock opened at $4,737.56 on Wednesday. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The company’s fifty day moving average price is $5,000.97 and its two-hundred day moving average price is $4,426.92. The company has a market capitalization of $156.81 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.41.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bigelow Investment Advisors LLC grew its holdings in shares of Booking by 6.1% in the 4th quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider’s stock worth $522,000 after purchasing an additional 6 shares during the last quarter. Convergence Investment Partners LLC lifted its holdings in Booking by 51.1% during the 4th quarter. Convergence Investment Partners LLC now owns 263 shares of the business services provider’s stock valued at $1,307,000 after purchasing an additional 89 shares during the last quarter. Callahan Advisors LLC boosted its position in Booking by 1.2% in the fourth quarter. Callahan Advisors LLC now owns 4,065 shares of the business services provider’s stock valued at $20,196,000 after buying an additional 47 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Booking by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider’s stock worth $6,372,000 after buying an additional 62 shares during the last quarter. Finally, Empower Advisory Group LLC increased its holdings in shares of Booking by 7.7% during the fourth quarter. Empower Advisory Group LLC now owns 5,366 shares of the business services provider’s stock worth $26,659,000 after buying an additional 385 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.