The Priceline Group Inc. (NASDAQ:PCLN) Rating Reiterated by Barclays PLC

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a note issued to investors on Tuesday, November 7th.

PCLN has been the topic of several other research reports. Deutsche Bank AG reissued a “hold” rating and issued a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Wells Fargo & Company reissued a “hold” rating and issued a $1,850.00 target price on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie boosted their target price on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and issued a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada boosted their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The Priceline Group has a consensus rating of “Buy” and a consensus price target of $2,020.52.

Shares of The Priceline Group (PCLN) opened at $1,758.42 on Tuesday. The stock has a market cap of $85,758.15, a P/E ratio of 23.62, a P/E/G ratio of 1.39 and a beta of 1.43. The Priceline Group has a 12-month low of $1,459.49 and a 12-month high of $2,067.99. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $29.69 earnings per share. equities analysts predict that The Priceline Group will post 74.42 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 367 shares of company stock worth $672,929. Company insiders own 0.24% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in The Priceline Group during the 1st quarter worth about $34,546,000. Swiss National Bank grew its holdings in The Priceline Group by 2.7% during the 2nd quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after acquiring an additional 4,800 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in The Priceline Group during the 3rd quarter worth about $36,616,000. Pacer Advisors Inc. grew its holdings in The Priceline Group by 4.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 69 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of The Priceline Group by 4.0% during the second quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock valued at $11,115,000 after buying an additional 228 shares during the last quarter. Institutional investors own 95.22% of the company’s stock.

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About The Priceline Group

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.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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