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

Booking (NASDAQ:BKNG) had its target price trimmed by Cantor Fitzgerald from $5,100.00 to $4,900.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Several other brokerages also recently weighed in on BKNG. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Booking from $4,657.00 to $4,470.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays increased their price target on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Wedbush lifted their price objective on Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Ten 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5,044.43.

Booking Stock Performance

Booking stock opened at $4,721.86 on Wednesday. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a fifty day moving average of $5,015.36 and a two-hundred day moving average of $4,422.40. The company has a market capitalization of $156.29 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 1.57 and a beta of 1.41.

Institutional Trading of Booking

Several large investors have recently bought and sold shares of BKNG. Geode Capital Management LLC grew its holdings in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after purchasing an additional 11,211 shares in the last quarter. Janus Henderson Group PLC boosted its position in Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after buying an additional 2,321 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Booking by 3.3% during the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after acquiring an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after acquiring an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC lifted its stake in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares in 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.