The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Tuesday, November 7th.
A number of other equities research analysts have also weighed in on PCLN. Deutsche Bank AG reaffirmed a “hold” rating and set a $2,050.00 target price on shares of The Priceline Group in a research note on Tuesday, October 24th. Morgan Stanley lifted their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $2,000.00 target price on shares of The Priceline Group in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus dropped their price objective on shares of The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. One investment 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 assigned a strong buy rating to the stock. The Priceline Group has an average rating of “Buy” and a consensus target price of $2,020.52.
The Priceline Group (NASDAQ:PCLN) traded up $6.80 during midday trading on Tuesday, reaching $1,754.02. 513,243 shares of the company’s stock traded hands, compared to its average volume of 460,337. The stock has a market cap of $86,050.00, a PE ratio of 23.47, a PEG ratio of 1.38 and a beta of 1.43. The Priceline Group has a fifty-two week low of $1,459.49 and a fifty-two week high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $29.69 EPS. analysts forecast that The Priceline Group will post 74.42 EPS for the current fiscal year.
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In other news, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 367 shares of company stock valued at $672,929 over the last three months. 0.24% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its stake in The Priceline Group by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,223 shares of the business services provider’s stock valued at $73,641,000 after acquiring an additional 125 shares during the period. Crestwood Advisors Group LLC grew its stake in The Priceline Group by 1.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 9,596 shares of the business services provider’s stock valued at $17,569,000 after acquiring an additional 151 shares during the period. GSA Capital Partners LLP acquired a new stake in The Priceline Group in the 3rd quarter valued at $6,628,000. EagleClaw Capital Managment LLC grew its stake in The Priceline Group by 8.8% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 878 shares of the business services provider’s stock valued at $1,605,000 after acquiring an additional 71 shares during the period. Finally, Moors & Cabot Inc. grew its stake in The Priceline Group by 23.5% in the 3rd quarter. Moors & Cabot Inc. now owns 289 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 55 shares during the period. 95.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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