Cantor Fitzgerald Lowers Booking (NASDAQ:BKNG) Price Target to $5,550.00

Booking (NASDAQ:BKNG) had its price target dropped by equities researchers at Cantor Fitzgerald from $5,590.00 to $5,550.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 9.25% from the company’s current price.

Several other research firms have also recently commented on BKNG. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Citigroup restated a “market outperform” rating on shares of Booking in a research report on Wednesday. BTIG Research restated a “buy” rating and set a $6,250.00 target price on shares of Booking in a report on Wednesday. Piper Sandler restated a “neutral” rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Truist Financial upgraded Booking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $5,630.00 to $5,750.00 in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6,117.90.

Booking Stock Performance

Shares of BKNG opened at $5,080.21 on Wednesday. The firm has a market cap of $164.65 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The business has a 50-day moving average of $5,394.07 and a 200 day moving average of $5,384.14. Booking has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. Booking’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Booking will post 209.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. The trade was a 4.11% 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. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. increased its holdings in Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares in the last quarter. Vest Financial LLC increased its stake in shares of Booking by 0.7% in the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after purchasing an additional 61 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 9.5% in the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after purchasing an additional 19,578 shares in the last quarter. Finally, Overbrook Management Corp increased its stake in shares of Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after purchasing an additional 1,098 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.