Brokerages Set The Priceline Group Inc. (PCLN) Price Target at $1,943.65

The Priceline Group Inc. (NASDAQ:PCLN) has earned a consensus recommendation of “Buy” from the thirty-four brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty-seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1,943.65.

PCLN has been the subject of several recent research reports. UBS AG reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th.

Shares of The Priceline Group (NASDAQ:PCLN) traded down $16.65 on Thursday, hitting $1,894.49. The stock had a trading volume of 480,401 shares, compared to its average volume of 353,929. The firm has a market cap of $92,941.78, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The Priceline Group has a one year low of $1,422.19 and a one year high of $2,067.99. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.65.

The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.93 EPS. equities analysts predict that The Priceline Group will post 75 earnings per share for the current year.

In other news, Director Jan L. Docter sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the completion of the sale, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock valued at $5,382,925 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PCLN. Harvest Fund Management Co. Ltd bought a new stake in shares of The Priceline Group in the second quarter valued at approximately $101,000. Shine Investment Advisory Services Inc. bought a new stake in shares of The Priceline Group in the second quarter valued at approximately $105,000. Capital Advisors Ltd. LLC bought a new stake in shares of The Priceline Group in the second quarter valued at approximately $112,000. Proficio Capital Partners LLC boosted its position in shares of The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of The Priceline Group in the second quarter valued at approximately $133,000. 94.38% of the stock is owned by institutional investors.

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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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