The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “positive” rating reaffirmed by equities research analysts at Susquehanna Bancshares Inc in a research note issued to investors on Friday, May 12th. They currently have a $2,150.00 target price on the business services provider’s stock, up from their prior target price of $1,950.00. Susquehanna Bancshares Inc’s price objective suggests a potential upside of 19.27% from the company’s current price.
PCLN has been the topic of several other research reports. Jefferies Group LLC reissued a “buy” rating and set a $1,800.00 price target on shares of The Priceline Group in a research report on Wednesday, February 8th. Evercore ISI reiterated a “buy” rating and set a $1,850.00 price target on shares of The Priceline Group in a research note on Tuesday, February 14th. Deutsche Bank AG upped their target price on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Raymond James Financial, Inc. restated an “outperform” rating and set a $2,070.00 target price (up from $1,915.00) on shares of The Priceline Group in a research note on Monday, May 8th. Finally, Vetr downgraded The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,792.67 price target for the company. in a report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,928.36.
The Priceline Group (PCLN) traded down 0.36% on Friday, reaching $1802.61. 524,281 shares of the company traded hands. The stock has a market capitalization of $88.58 billion, a price-to-earnings ratio of 40.69 and a beta of 1.41. The stock’s 50-day moving average is $1,853.15 and its 200-day moving average is $1,693.08. The Priceline Group has a 1-year low of $1,148.06 and a 1-year high of $1,927.13.
The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $1.05. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company posted $10.54 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that The Priceline Group will post $73.68 EPS for the current year.
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In related news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 6,289 shares in the company, valued at $10,961,727. The disclosure for this sale can be found here. Corporate 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. Hellman Jordan Management Co. Inc. MA purchased a new position in shares of The Priceline Group during the third quarter worth approximately $36,861,000. LMR Partners LLP increased its position in shares of The Priceline Group by 79.0% in the third quarter. LMR Partners LLP now owns 537 shares of the business services provider’s stock worth $790,000 after buying an additional 237 shares during the period. Hendershot Investments Inc. increased its stake in The Priceline Group by 2.2% in the third quarter. Hendershot Investments Inc. now owns 3,332 shares of the business services provider’s stock valued at $4,903,000 after buying an additional 72 shares during the period. Argentus Capital Management LLC bought a new stake in The Priceline Group during the third quarter valued at about $181,000. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in The Priceline Group by 1.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 82,346 shares of the business services provider’s stock valued at $121,171,000 after buying an additional 1,355 shares during the period. 96.73% of the stock is currently owned by hedge funds and other 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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