The Priceline Group Inc. (NASDAQ:PCLN) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $32.40-34.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $34.17.
A number of research analysts have recently commented on the stock. UBS AG restated a buy rating and issued a $2,100.00 price target (up from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Royal Bank Of Canada upped their price target 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. Macquarie upped their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a positive rating in a research note on Wednesday, August 9th. Barclays PLC reaffirmed an overweight rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. reaffirmed a buy rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The Priceline Group currently has an average rating of Buy and a consensus price target of $1,924.32.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.16% during mid-day trading on Friday, hitting $1810.00. The company had a trading volume of 486,075 shares. The company has a market cap of $88.80 billion, a PE ratio of 38.44 and a beta of 1.42. The firm has a 50-day moving average of $1,946.27 and a 200-day moving average of $1,818.99. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $13.93 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, analysts expect that The Priceline Group Inc. will post $74.77 EPS for the current year.
In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total value of $221,308.00. Following the transaction, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,367 shares of company stock worth $8,166,685. Corporate insiders own 0.42% of the company’s stock.
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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