Booking (NASDAQ:BKNG) Given New $150.00 Price Target at Cantor Fitzgerald

Booking (NASDAQ:BKNG) had its price objective cut by Cantor Fitzgerald from $170.00 to $150.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. They currently have a neutral rating on the business services provider’s stock.

Several other research firms have also recently commented on BKNG. Wedbush boosted their price target on shares of Booking from $211.00 to $247.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Benchmark raised their price objective on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group decreased their price objective on shares of Booking from $274.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $240.00 price objective (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $215.00 target price (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $222.35.

Booking Stock Performance

BKNG stock opened at $170.97 on Wednesday. The company’s 50 day moving average price is $168.13 and its 200 day moving average price is $176.51. Booking has a fifty-two week low of $146.28 and a fifty-two week high of $220.81. The firm has a market capitalization of $128.46 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.97 and a beta of 1.17.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.17. Booking had a net margin of 25.52% and a negative return on equity of 95.02%. The firm had revenue of $9.79 billion for the quarter, compared to analysts’ expectations of $9.55 billion. During the same quarter last year, the company earned $99.50 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Booking will post 10.48 EPS for the current fiscal year.

Insider Buying and Selling at Booking

In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 14,000 shares in the company, valued at $2,800,000. This represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 77,425 shares of company stock worth $16,004,164. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Booking

Institutional investors have recently modified their holdings of the stock. Gryphon Financial Partners LLC boosted its stake in Booking by 2.6% in the third quarter. Gryphon Financial Partners LLC now owns 3,576 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 91 shares in the last quarter. Joseph Group Capital Management grew its holdings in shares of Booking by 34.6% during the third quarter. Joseph Group Capital Management now owns 315 shares of the business services provider’s stock worth $51,000 after purchasing an additional 81 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Booking during the third quarter worth about $342,000. Accuvest Global Advisors acquired a new stake in shares of Booking during the third quarter worth about $499,000. Finally, StoneRidge PMG Advisors LLC acquired a new stake in shares of Booking during the third quarter worth about $577,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Key Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Third-quarter adjusted EPS of $4.66 beat expectations. Room nights grew 7%, and gross bookings and adjusted revenue also increased, indicating underlying travel activity remained healthy. Booking Holdings Q3 Earnings Beat on Travel Growth, Revenues Miss
• Positive Sentiment: The stock’s recovery after an initial post-earnings decline indicates investors may have already priced in a weak report and are giving weight to the earnings beat and travel-volume growth. Booking Holdings earnings analysis: questions answered and next catalysts
• Neutral Sentiment: Several analysts lowered price targets after the results, but many maintained Buy, Outperform or Overweight ratings. This reflects reduced near-term expectations rather than a broad shift to bearish recommendations. These Analysts Slash Their Forecasts On Booking Holdings Following Q3 Results
• Negative Sentiment: Reported revenue missed estimates and fell year over year, partly due to an approximately $900 million revenue impact tied to FTC action. The company also cautioned that travel-demand growth is likely to moderate in Q4, with international demand pressured by geopolitical turmoil and higher airfares. Booking Holdings takes $900 million hit to quarterly revenue linked to FTC action

About Booking

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.