Booking (NASDAQ:BKNG) Given New $4,900.00 Price Target at Cantor Fitzgerald

Booking (NASDAQ:BKNG) had its target price cut by Cantor Fitzgerald from $5,100.00 to $4,900.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other equities analysts also recently issued reports on BKNG. UBS Group upped their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. DA Davidson upped their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Wells Fargo & Company decreased their price objective 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. Finally, Susquehanna raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,044.43.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,721.86 on Wednesday. The business has a 50-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 price-to-earnings-growth ratio of 1.57 and a beta of 1.41. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC boosted its stake in shares of Booking by 34.5% during the 2nd quarter. Algert Global LLC now owns 117 shares of the business services provider’s stock worth $463,000 after acquiring an additional 30 shares in the last quarter. Cetera Investment Advisers raised its holdings in Booking by 3.6% during the second quarter. Cetera Investment Advisers now owns 7,502 shares of the business services provider’s stock worth $29,722,000 after purchasing an additional 261 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Booking during the second quarter worth $6,168,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Booking by 74.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,515 shares of the business services provider’s stock valued at $105,039,000 after purchasing an additional 11,315 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in Booking by 49.5% in the second quarter. Centaurus Financial Inc. now owns 145 shares of the business services provider’s stock valued at $575,000 after purchasing an additional 48 shares during 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.