Several other equities analysts have also recently issued reports on the company. Deutsche Bank AG reiterated a hold rating and set a $2,050.00 target price on shares of The Priceline Group in a research report on Tuesday, October 24th. Morgan Stanley boosted their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an overweight rating in a research report on Tuesday, July 18th. Zacks Investment Research cut The Priceline Group from a hold rating to a sell rating in a research report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a buy rating and set a $2,200.00 target price on shares of The Priceline Group in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $2,150.00 target price on The Priceline Group and gave the stock a buy rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $2,020.52.
The Priceline Group (PCLN) traded down $5.89 on Tuesday, reaching $1,697.25. The company’s stock had a trading volume of 725,500 shares, compared to its average volume of 459,039. The company has a current ratio of 2.52, a quick ratio of 2.20 and a debt-to-equity ratio of 0.68. The stock has a market cap of $83,061.35, a P/E ratio of 22.88, a PEG ratio of 1.35 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 Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $29.69 EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. analysts predict that The Priceline Group will post 74.44 earnings per share for the current fiscal year.
In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the transaction, the chief executive officer now owns 5,799 shares of the company’s stock, valued at approximately $10,904,323.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 367 shares of company stock worth $693,175. Corporate insiders own 0.24% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of The Priceline Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after purchasing an additional 79,784 shares during the period. Capital World Investors lifted its stake in shares of The Priceline Group by 2.1% during the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after purchasing an additional 34,959 shares during the period. Capital Research Global Investors lifted its stake in shares of The Priceline Group by 7.1% during the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of The Priceline Group by 210,283.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of The Priceline Group by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock worth $1,613,834,000 after purchasing an additional 52,133 shares during the period. 94.44% of the stock is currently owned by institutional investors.
The Priceline Group Company Profile
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.
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