Booking (NASDAQ:BKNG) Given New $5,590.00 Price Target at Cantor Fitzgerald

Key Points

• Investment analysts at Cantor Fitzgerald lowered the price target for Booking (NASDAQ:BKNG) from $5,660.00 to $5,590.00, maintaining a "neutral" rating.
• Despite the price target cut, the stock still has a potential upside of 6.59% from its previous close, with a consensus rating of "Moderate Buy" and an average target price of $5,976.46.
• In recent trading, Booking shares declined by 0.8% to $5,244.54, with a market capitalization of $169.98 billion.

Booking (NASDAQ:BKNG - Get Free Report) had its target price cut by investment analysts at Cantor Fitzgerald from $5,660.00 to $5,590.00 in a report released on Wednesday,MarketScreener reports. The firm presently has a "neutral" rating on the business services provider's stock. Cantor Fitzgerald's price objective indicates a potential upside of 6.59% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. DA Davidson upped their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. BTIG Research reissued a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 8th. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Barclays increased their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,976.46.

Booking Trading Down 0.8%

Shares of Booking stock traded down $41.46 on Wednesday, reaching $5,244.54. 11,699 shares of the stock were exchanged, compared to its average volume of 241,984. The firm has a market capitalization of $169.98 billion, a PE ratio of 36.72, a PEG ratio of 1.59 and a beta of 1.35. Booking has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The business has a fifty day moving average price of $5,451.12 and a two-hundred day moving average price of $5,348.62.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the firm earned $41.90 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Research analysts expect that Booking will post 209.92 EPS for the current year.

Insider Activity at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the sale, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated 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 sale, the director owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,197 shares of company stock worth $17,260,963 in the last ninety days. 0.16% of the stock is owned by insiders.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Disciplined Equity Management Inc. grew its stake in shares of Booking by 3.4% in the 3rd quarter. Disciplined Equity Management Inc. now owns 180 shares of the business services provider's stock worth $972,000 after purchasing an additional 6 shares during the last quarter. Earned Wealth Advisors LLC grew its stake in shares of Booking by 6.7% in the 3rd quarter. Earned Wealth Advisors LLC now owns 128 shares of the business services provider's stock worth $694,000 after purchasing an additional 8 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Booking by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 17,793 shares of the business services provider's stock worth $96,069,000 after purchasing an additional 109 shares during the last quarter. Penobscot Investment Management Company Inc. grew its stake in shares of Booking by 24.4% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 331 shares of the business services provider's stock worth $1,787,000 after purchasing an additional 65 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Booking by 3.0% in the 3rd quarter. Global Retirement Partners LLC now owns 761 shares of the business services provider's stock worth $4,110,000 after purchasing an additional 22 shares during the last quarter. 92.42% of the stock is currently owned by 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.

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