Booking Holdings (BKNG) shares closed at $4,644.64 on February 3, 2026, marking a 9.32% decline. This drop significantly underperformed the S&P 500, Dow, and Nasdaq, which fell 0.84%, 0.34%, and 1.43% respectively. As of 3:17 PM EST on February 4, 2026, the stock extended its losses by 1.09% to reach $4,593.87.

Citigroup downgraded BKNG from "Outperform" to "Market Perform" at the $4,644.64 level. Citizens also lowered its rating from "Market Outperform" to "Market Perform" on February 4, 2026. The decline aligns with a broader 1.18% to 2% retreat in the Nasdaq as investors engage in profit-taking across the technology sector.

Investors are now looking toward the Q4 earnings report scheduled for February 18, 2026. Analysts expect earnings per share of $47.53, a 14.39% year-over-year increase. Quarterly sales are projected to reach $6.11 billion, representing an 11.69% rise from the prior year.