Priceline Group Inc (NASDAQ:PCLN) has been given an average recommendation of “Buy” by the thirty-three research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $1,841.63.
Several research analysts have recently weighed in on PCLN shares. Stifel Nicolaus reissued a “buy” rating and set a $2,100.00 price objective (up from $1,900.00) on shares of Priceline Group in a report on Tuesday, February 28th. Zacks Investment Research cut shares of Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Vetr cut shares of Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,792.67 price objective for the company. in a report on Monday, January 30th. Goldman Sachs Group Inc boosted their price objective on shares of Priceline Group from $1,550.00 to $1,750.00 and gave the company a “neutral” rating in a report on Tuesday, February 28th. Finally, Miller Tabak assumed coverage on shares of Priceline Group in a report on Wednesday, January 18th. They set a “buy” rating and a $1,750.00 target price for the company.
Priceline Group (NASDAQ:PCLN) traded down 0.50% during mid-day trading on Monday, hitting $1752.01. The company’s stock had a trading volume of 430,421 shares. The firm has a market cap of $86.15 billion, a price-to-earnings ratio of 41.08 and a beta of 1.62. Priceline Group has a 52-week low of $1,148.06 and a 52-week high of $1,798.75. The firm has a 50 day moving average of $1,761.48 and a 200-day moving average of $1,588.95.
Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Monday, February 27th. The business services provider reported $14.21 earnings per share for the quarter, beating the consensus estimate of $13.09 by $1.12. Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The firm earned $2.35 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned $10.73 earnings per share. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, equities research analysts expect that Priceline Group will post $74.39 EPS for the current fiscal year.
In other Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total transaction of $212,646.00. Following the completion of the transaction, the chief executive officer now owns 6,289 shares in the company, valued at $10,961,727. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel J. Finnegan sold 3,052 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $1,730.38, for a total transaction of $5,281,119.76. Following the transaction, the chief financial officer now owns 20,779 shares of the company’s stock, valued at approximately $35,955,566.02. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in PCLN. Retirement Systems of Alabama raised its position in Priceline Group by 17.9% in the first quarter. Retirement Systems of Alabama now owns 42,067 shares of the business services provider’s stock valued at $74,878,000 after buying an additional 6,379 shares during the period. State of Alaska Department of Revenue acquired a new position in Priceline Group during the first quarter valued at approximately $240,000. Huntington National Bank raised its position in Priceline Group by 66.4% in the first quarter. Huntington National Bank now owns 10,015 shares of the business services provider’s stock valued at $17,827,000 after buying an additional 3,997 shares during the period. Columbus Circle Investors raised its position in Priceline Group by 26.0% in the first quarter. Columbus Circle Investors now owns 60,654 shares of the business services provider’s stock valued at $107,962,000 after buying an additional 12,501 shares during the period. Finally, Boys Arnold & Co. Inc. raised its position in Priceline Group by 22.0% in the first quarter. Boys Arnold & Co. Inc. now owns 272 shares of the business services provider’s stock valued at $484,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.
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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