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

Booking (NASDAQ:BKNG - Get Free Report) had its price target decreased by analysts at Cantor Fitzgerald from $5,100.00 to $4,900.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. Cantor Fitzgerald's price target suggests a potential upside of 3.77% from the company's previous close.

Several other equities research analysts have also commented on BKNG. Robert W. Baird assumed coverage on shares of Booking in a research note on Wednesday, November 27th. They set an "outperform" rating and a $5,850.00 price target on the stock. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Bank of America lifted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Tigress Financial upped their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a report on Monday, November 18th. Finally, Oppenheimer increased their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,044.43.

Booking Trading Up 0.8 %

BKNG stock traded up $37.18 during mid-day trading on Wednesday, reaching $4,721.86. The company's stock had a trading volume of 179,087 shares, compared to its average volume of 261,331. The stock has a market cap of $156.29 billion, a PE ratio of 32.04, a P/E/G ratio of 1.57 and a beta of 1.41. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The company's 50 day moving average is $5,015.36 and its two-hundred day moving average is $4,422.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Booking in the third quarter valued at $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the fourth quarter valued at $25,000. West Financial Advisors LLC bought a new stake in Booking during the third quarter worth about $29,000. Finally, Valley National Advisers Inc. lifted its stake in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

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.