Cantor Fitzgerald Cuts Booking (NASDAQ:BKNG) Price Target to $4,900.00

Booking (NASDAQ:BKNG) had its price objective trimmed by Cantor Fitzgerald from $5,100.00 to $4,900.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has 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 analysts have also recently commented on the company. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Mizuho lifted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Benchmark reiterated a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research report on Tuesday, October 29th. Morgan Stanley boosted their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Citigroup increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Trading Down 0.8 %

NASDAQ BKNG opened at $4,737.56 on Wednesday. The company has a 50-day moving average price of $5,000.97 and a two-hundred day moving average price of $4,426.92. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market cap of $156.81 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Bigelow Investment Advisors LLC boosted its stake in shares of Booking by 6.1% during the 4th quarter. Bigelow Investment Advisors LLC now owns 105 shares of the business services provider’s stock valued at $522,000 after buying an additional 6 shares during the period. Convergence Investment Partners LLC boosted its position in Booking by 51.1% during the fourth 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 grew its stake 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 purchasing an additional 47 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Booking by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,282 shares of the business services provider’s stock worth $6,372,000 after purchasing an additional 62 shares during the last quarter. Finally, Empower Advisory Group LLC raised its stake in shares of Booking by 7.7% during the 4th quarter. Empower Advisory Group LLC now owns 5,366 shares of the business services provider’s stock worth $26,659,000 after purchasing an additional 385 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.