Booking Holdings Inc. (BKNG) saw its shares plummet 5.10% during intraday trading on Monday, following a series of analyst price target reductions.

Jefferies cut its price target on Booking Holdings to $4,500 from $5,600, while maintaining a Hold rating. Separately, Argus Research lowered its target to $4,700 from $6,400, though it maintained a Buy rating. These downward revisions reflect changing analyst expectations for the online travel company.

The stock movement occurred as the market reacted to these revised assessments from Wall Street firms.