Priceline Group Inc (NASDAQ:PCLN) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Thursday, May 11th. The brokerage currently has a $1,875.00 price objective on the business services provider’s stock. Vetr‘s price objective would indicate a potential downside of 0.88% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Credit Suisse Group AG set a $2,020.00 target price on shares of Priceline Group and gave the stock a “buy” rating in a research report on Wednesday, May 10th. JPMorgan Chase & Co. lifted their target price on shares of Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Royal Bank of Canada reissued an “outperform” rating on shares of Priceline Group in a research report on Wednesday, May 10th. Macquarie lifted their target price on shares of Priceline Group from $1,970.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2,200.00 target price on shares of Priceline Group in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,928.36.
Shares of Priceline Group (PCLN) opened at 1891.58 on Thursday. The company has a market cap of $92.96 billion, a price-to-earnings ratio of 42.70 and a beta of 1.62. Priceline Group has a 12-month low of $1,148.06 and a 12-month high of $1,927.13. The company’s 50-day moving average price is $1,836.95 and its 200 day moving average price is $1,675.30.
Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.83 by $1.05. Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the firm earned $10.54 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts predict that Priceline Group will post $73.62 earnings per share for the current year.
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In other Priceline Group news, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the sale, 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 is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $1,743.00, for a total transaction of $212,646.00. Following the completion of the sale, the chief executive officer now directly owns 6,289 shares of the company’s stock, valued at $10,961,727. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Hendershot Investments Inc. increased its stake in 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 in the last quarter. Argentus Capital Management LLC acquired a new stake in Priceline Group during the third quarter valued at $181,000. Mizuho Trust & Banking Co. Ltd. increased its stake in 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 in the last quarter. Seven Bridges Advisors LLC increased its stake in Priceline Group by 12.1% in the third quarter. Seven Bridges Advisors LLC now owns 546 shares of the business services provider’s stock valued at $803,000 after buying an additional 59 shares in the last quarter. Finally, Univest Corp of Pennsylvania increased its stake in Priceline Group by 0.3% in the third quarter. Univest Corp of Pennsylvania now owns 2,842 shares of the business services provider’s stock valued at $4,182,000 after buying an additional 9 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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