Booking (NASDAQ:BKNG) Given New $4,330.00 Price Target at Cantor Fitzgerald

Booking (NASDAQ:BKNG) had its price objective reduced by Cantor Fitzgerald from $5,540.00 to $4,330.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 4.79% from the stock’s current price.

Several other brokerages also recently issued reports on BKNG. JMP Securities cut their target price on shares of Booking from $6,100.00 to $5,600.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 9th. Citigroup lifted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark upped their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company lowered their target price on Booking from $5,248.00 to $4,567.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Finally, BMO Capital Markets raised their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,285.55.

Booking Stock Performance

Shares of NASDAQ:BKNG traded down $64.76 during trading on Wednesday, reaching $4,547.68. The company had a trading volume of 106,756 shares, compared to its average volume of 294,279. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $149.23 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The firm’s fifty day moving average is $4,709.34 and its 200 day moving average is $4,770.56.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Equities analysts predict that Booking will post 209.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new position in Booking during the fourth quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new position in Booking in the fourth quarter worth $30,000. Finally, Promus Capital LLC bought a new position in Booking in the fourth quarter worth $35,000. 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.