Priceline Group’s (PCLN) Positive Rating Reiterated at Susquehanna Bancshares Inc

Susquehanna Bancshares Inc reiterated their positive rating on shares of Priceline Group Inc (NASDAQ:PCLN) in a report issued on Friday. The brokerage currently has a $2,150.00 target price on the business services provider’s stock, up from their previous target price of $1,950.00.

Several other brokerages also recently issued reports on PCLN. Stifel Nicolaus reaffirmed a buy rating and issued a $2,100.00 price target (up from $1,900.00) on shares of Priceline Group in a research report on Tuesday, February 28th. Zacks Investment Research downgraded Priceline Group from a hold rating to a sell rating in a research report on Tuesday, February 7th. Vetr downgraded Priceline Group from a strong-buy rating to a buy rating and set a $1,792.67 price target on the stock. in a research report on Monday, January 30th. Goldman Sachs Group Inc raised their price target on Priceline Group from $1,550.00 to $1,750.00 and gave the company a neutral rating in a research report on Tuesday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on Priceline Group from $1,940.00 to $2,125.00 and gave the company an overweight rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $1,928.36.

Analyst Recommendations for Priceline Group (NASDAQ:PCLN)

Priceline Group (NASDAQ:PCLN) opened at 1795.69 on Friday. Priceline Group has a one year low of $1,148.06 and a one year high of $1,927.13. The company has a 50-day moving average price of $1,808.01 and a 200-day moving average price of $1,641.56. The stock has a market cap of $88.24 billion, a P/E ratio of 40.54 and a beta of 1.62.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.83 by $1.05. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $10.54 earnings per share. On average, analysts anticipate that Priceline Group will post $73.62 earnings per share for the current year.

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In other news, CEO Gillian Tans sold 122 shares of Priceline Group stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel J. Finnegan sold 3,052 shares of Priceline Group stock in a transaction that occurred 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 completion of 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. Insiders own 0.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PCLN. Vanguard Group Inc. boosted its position in Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after buying an additional 93,992 shares during the period. State Street Corp boosted its position in Priceline Group by 3.9% in the fourth quarter. State Street Corp now owns 1,994,529 shares of the business services provider’s stock valued at $2,924,101,000 after buying an additional 74,884 shares during the period. FMR LLC boosted its position in Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares during the period. Capital World Investors boosted its position in Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the business services provider’s stock valued at $2,322,868,000 after buying an additional 342,746 shares during the period. Finally, Capital Research Global Investors boosted its position in Priceline Group by 1.8% in the third quarter. Capital Research Global Investors now owns 1,384,305 shares of the business services provider’s stock valued at $2,036,991,000 after buying an additional 24,569 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

About 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.

5 Day Chart for NASDAQ:PCLN

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