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

Booking (NASDAQ:BKNG) had its price target decreased by stock analysts at Cantor Fitzgerald from $5,100.00 to $4,900.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 2.63% from the stock’s current price. Cantor Fitzgerald also issued estimates for Booking’s FY2025 earnings at $199.90 EPS.

Other analysts have also recently issued reports about the company. Baird R W raised Booking to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Royal Bank of Canada raised their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Ten equities research 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. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,044.43.

Booking Stock Up 1.1 %

NASDAQ BKNG opened at $4,774.33 on Wednesday. The stock has a market capitalization of $158.03 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.57 and a beta of 1.41. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a 50-day moving average price of $5,009.47 and a 200 day moving average price of $4,424.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Booking during the 4th quarter valued at $25,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking during the 3rd quarter worth $25,000. West Financial Advisors LLC purchased a new position in shares of Booking in the 3rd quarter worth $29,000. Finally, Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.