Booking Holdings Inc. ($BKNG) Stock Forecast: Down 1.8% Today

What is Booking Holdings Inc.?

Booking Holdings Inc. (BKNG) is a prominent online travel company providing booking services for hotels, flights, rental cars, and vacation packages.

Why is Booking Holdings Inc. going down?

BKNG stock is down 1.8% on Jul 1, 2024 14:41

• BKNG experienced a notable bearish movement, possibly influenced by the negative sentiment towards tech companies like Meta (Facebook) facing potential fines in the EU for digital rule violations. This situation raised concerns about regulatory scrutiny in the tech sector.
• Despite recent positive updates like the enhancement to KAYAK for Business benefiting small and medium-sized business travelers, BKNG's stock may have been affected by the general market sentiment towards growth stocks.
• The small increase in BKNG's stock price in the prior trading session was potentially overshadowed by broader market trends, leading to the bearish movement today.
• While remaining a key player in the online travel industry, investors might exercise caution due to regulatory uncertainties regarding tech giants and the volatility in growth stocks.

BKNG Price Chart

BKNG News

Meta risks fines over ''pay for privacy'' model breaking EU rules

Brussels, Belgium — The EU accused Facebook owner Meta on Monday of breaching the bloc''s digital rules, paving the way for potential fines worth billions of euros. The charges against the US tech titan follow a finding last week against Apple that marked the first time Brussels had levelled formal accusations under the EU''s Digital Markets Act (DMA). The latest case focuses on Meta''s new ad-free subscription model for Facebook and Instagram, which has sparked multiple complaints over privacy concerns. Meta''s "pay or consent" system means users have to pay to avoid data collection, or agree to share their data with Facebook and Instagram to keep using the platforms for free. The European Commission said it informed Meta of its "preliminary view" that the model the company launched last year "fails to comply" with the DMA. "This binary choice forces users to consent to the combination of their personal data and fails to provide them a less personalized but equivalent version of Meta''s social networks," the EU''s powerful antitrust regulator said in a statement.

https://www.voanews.com/a/meta-risks-fines-over-pay-for-privacy-model-breaking-eu-rules/7679003.html

Booking Holdings Inc. (BKNG): Is This Growth Stock a Good Buy Right Now?

We recently compiled a list of the 10 Best Growth Stocks To Buy Now According To Billionaire Ray Dalio. In this article, we are going to take a look at where Booking Holdings Inc. (NASDAQ:BKNG) stands against the other growth stocks. Ray Dalio is one of the most successful investors in Wall Street’s history. He […]

https://www.insidermonkey.com/blog/booking-holdings-inc-bkng-is-this-growth-stock-a-good-buy-right-now-1319122/

Booking Holdings ( BKNG ) to Aid SMB Travelers With KAYAK Upgrade

Booking Holdings' (BKNG) KAYAK adds an upgrade to KAYAK for Business, strengthening its overall product portfolio.

https://www.zacks.com/stock/news/2295121/booking-holdings-bkng-to-aid-smb-travelers-with-kayak-upgrade

Booking Holdings ( BKNG ) Beats Stock Market Upswing: What Investors Need to Know

In the most recent trading session, Booking Holdings (BKNG) closed at $4,009.40, indicating a +0.68% shift from the previous trading day.

https://www.zacks.com/stock/news/2294649/booking-holdings-bkng-beats-stock-market-upswing-what-investors-need-to-know

5 Stocks at New Highs No One Talks About

It is not just NVIDIA and the AI stocks that are soaring in 2024. Here are 5 other "secret" stocks for your short list.

https://www.zacks.com/stock/news/2294597/5-stocks-at-new-highs-no-one-talks-about

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Booking Holdings Inc. Price History

01.06.2024 - BKNG Stock was down 1.8%

• The bearish movement in BKNG stock could be due to profit-taking by investors after a period of strong performance.
• The consumer sentiment index falling and the pressure on consumers due to rising inflation and unemployment rates may have impacted the travel industry, leading to a sell-off in BKNG stock.
• The focus on consumer stocks may have diverted attention away from travel-related stocks like BKNG, causing a decline in the stock price.
• The stock split announcement by Chipotle (CMG) may have drawn investor interest away from BKNG, contributing to the bearish movement in the stock.

12.05.2024 - BKNG Stock was up 2.4%

• BKNG's surge could be linked to the positive sentiment in the travel industry, driven by a surge in summer vacation bookings and boosted profit forecasts for global airlines.
• Discussions on overlooked S&P 500 stocks and the role of cash flow in stock assessment may have influenced investors to recognize the value potential in BKNG.
• As the market reaches record highs, investors may be seeking solid companies like BKNG with growth potential at an attractive price.
• The upcoming ex-dividend date for BKNG likely caught the attention of dividend-oriented investors, further fueling the stock's upward momentum.

03.04.2024 - BKNG Stock was up 5.0%

• BKNG had a strong bullish movement today, surpassing Q1 expectations and outshining competitor EXPE.
• The company's winning formula, including strong financial metrics and competitive strengths, contributed to its positive performance.
• EXPE's guidance cut triggered a downgrade and price target cuts, further highlighting BKNG's advancement in the market.
• Positive comments from Jim Cramer regarding BKNG in comparison to other stocks also added to the bullish sentiment surrounding the company.

03.04.2024 - BKNG Stock was up 7.1%

• Today, BKNG experienced a strong bullish movement for the following reasons:
• The company reported a significant increase in earnings, surpassing analyst expectations by 45.02% with earnings per share of $20.39 for the first quarter of 2024.
• The CEO discussed the company's quarterly earnings results, positive travel demand outlook, and the impact of new airline refund rules, all of which contributed to investor confidence.
• The strong performance of Booking Holdings contrasted with a rival's more mixed quarterly results, further boosting BKNG's stock price.
• The growth in travel demand showcased in the company's Q1 earnings indicates a positive trend for BKNG, reflecting consumer confidence in the travel industry and driving the bullish movement in its stock.

23.01.2024 - BKNG Stock was down 10.5%

• Strong Q4 earnings were reported by Booking Holdings, exceeding analyst expectations for both earnings and sales.
• Profit-taking by investors caused a significant decline in BKNG shares, despite the positive earnings report.
• The market sentiment of profit-taking and a slight pullback in the Nasdaq index were contributing factors to the downward movement in Booking Holdings' stock.
• The response to the earnings report and profit-taking actions led to a bearish trend for BKNG, overshadowing the company's strong growth and future initiatives.

23.01.2024 - BKNG Stock was down 10.0%

• Strong quarterly earnings were reported by Booking Holdings, with beats on earnings and sales estimates, as well as the initiation of a quarterly cash dividend. Despite this, the stock saw a bearish movement, potentially due to profit-taking by investors.
• Concerns were raised as the company provided a modest forecast on the normalization of US travel demand, impacting market sentiment negatively.
• Market sentiment, including the Nasdaq's retracement and the US dollar's strength, contributed to a broader sell-off in tech stocks like Booking Holdings.
• The CEO's optimistic view on travel's future and the company's performance was muted by short-term market fluctuations and worries regarding travel demand normalization.

23.01.2024 - BKNG Stock was down 8.2%

• Booking Holdings shares experienced a strong bearish movement today due to a weak forecast on normalizing US travel demand, leading to investor concerns about the company's future performance.
• The company's slip in shares could also be attributed to broader market trends, as indicated by the flat futures after Nvidia's rally, which might have shifted investor focus away from travel-related stocks.
• Despite the positive outlook shared by Booking Holdings' CEO on the company's future and the travel industry in general, the weak forecast likely overshadowed the optimistic sentiment, contributing to the bearish market movement.
• Overall, the bearish movement in Booking Holdings shares today reflects a combination of company-specific factors, such as the weak forecast, and broader market dynamics influenced by other high-performing stocks.

23.01.2024 - BKNG Stock was down 6.6%

• Despite a generally positive market atmosphere, BKNG stock declined notably, contrasting with the strong rally of Nvidia and the overall market upswing.
• Analysts at Morgan Stanley raised the stock price target for BKNG to $3,700 from $3,000, signaling optimism about the company's future performance.
• Following a Q4 earnings beat, BKNG stock slumped by about 9.33% in after-hours trading, hinting at potential high expectations from investors.
• The bearish trend in BKNG's stock price may be linked to profit-taking activities by investors post a recent price surge, as well as concerns regarding the company's growth prospects in a competitive travel industry landscape.

22.01.2024 - BKNG Stock was up 5.2%

• Analysts have raised their forecasts for Booking Holdings ahead of the upcoming fourth-quarter earnings release, pointing to optimistic expectations for the company.
• The surge in travel demand, propelled by companies like Royal Caribbean and Trip.com, could have had a favorable impact on Booking Holdings as the travel sector sees a resurgence.
• Improved investor confidence following recent market developments and Royal Caribbean's upward revision of its earnings projections likely played a role in BKNG's positive stock movement.
• The combination of strong anticipated earnings, favorable industry trends, and positive market sentiment appears to have driven today's bullish performance in BKNG's stock.

07.07.2023 - BKNG Stock was up 5.2%

• The bullish movement in BKNG's stock today can be attributed to the following factors:
• 1. Strong Q2 Earnings: Booking Holdings reported blowout Q2 earnings, with earnings exceeding expectations by 30% and revenue surpassing expectations by nearly 6%. This positive financial performance likely boosted investor confidence and contributed to the bullish movement.
• 2. Record Summer Travel Season: The company's CEO, Glenn Fogel, mentioned that they are not seeing any signs of travel demand slowdown. This statement indicates a robust summer travel season, which could have further fueled optimism among investors.
• 3. Positive Market Sentiment: The overall market sentiment for travel-related stocks, including BKNG, might have improved due to the better-than-expected guidance from other companies like Amazon. This positive sentiment could have influenced investors to buy BKNG shares, contributing to the bullish movement.
• 4. No Negative News: There are no specific negative news articles related to BKNG that could have impacted the stock negatively. The absence of any negative developments might have allowed the positive factors mentioned above to drive the bullish movement.

04.07.2023 - BKNG Stock was up 7.8%

• The bullish movement in BKNG today can be attributed to the following factors:
• 1. Robust Q2 Results: Booking Holdings reported strong Q2 earnings, with adjusted earnings per share beating analyst expectations by a significant margin. This positive financial performance likely boosted investor confidence and contributed to the bullish movement in the stock.
• 2. Record Summer Travel Season: Booking Holdings also experienced a record summer travel season, as mentioned in one of the articles. This indicates a strong demand for travel services, which is a positive sign for the company's future revenue growth.
• 3. Market Movers: The article mentions that Booking Holdings was among the stock market movers, along with other notable companies like Apple and Amazon. The overall positive sentiment in the market, driven by better-than-expected earnings and guidance from these companies, could have influenced investors to be more optimistic about BKNG's prospects.
• 4. Earnings and Revenue Beats: Another article highlights that Booking Holdings exceeded analyst expectations in terms of both earnings per share and sales. This positive surprise likely attracted investors and contributed to the bullish movement in the stock.
• Overall, the strong Q2 results, record summer travel season, positive market sentiment, and earnings and revenue beats likely played a role in the bullish movement of BKNG today.

04.07.2023 - BKNG Stock was up 8.1%

• Booking Holdings reported Q2 earnings that beat expectations, with non-GAAP EPS of $37.62 and revenue of $5.5B, exceeding estimates by $8.46 and $330M respectively.
• The company forecasted a record summer travel season, which contributed to the positive market movement.
• The robust leisure travel demand and stronger than expected room nights and gross bookings results in the quarter were key factors driving the bullish movement.
• The positive earnings report and optimistic outlook for the summer travel season likely led to increased investor confidence and the stock's upward movement.