Cantor Fitzgerald Forecasts Reduced Earnings for Booking

Booking Holdings Inc. (NASDAQ:BKNG) – Equities research analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of Booking in a report released on Wednesday, January 29th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the business services provider will post earnings per share of $199.90 for the year, down from their prior estimate of $206.75. Cantor Fitzgerald currently has a “Neutral” rating and a $4,900.00 target price on the stock. The consensus estimate for Booking’s current full-year earnings is $181.73 per share.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lowered 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. BMO Capital Markets lifted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5,044.43.

Booking Price Performance

NASDAQ:BKNG opened at $4,774.33 on Thursday. The firm’s 50 day simple moving average is $5,009.47 and its 200 day simple moving average is $4,424.49. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $158.03 billion, a PE ratio of 32.40, a P/E/G ratio of 1.57 and a beta of 1.41.

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. bought a new stake in Booking in the 3rd quarter worth about $25,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter valued at about $25,000. West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter valued at about $29,000. Finally, Valley National Advisers Inc. grew its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors 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.