The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a research report issued on Thursday.
PCLN has been the topic of a number of other research reports. Credit Suisse Group reissued an “outperform” rating and set a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Royal Bank Of Canada increased their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group has an average rating of “Buy” and a consensus target price of $2,020.52.
The Priceline Group (NASDAQ:PCLN) opened at $1,747.22 on Thursday. The Priceline Group has a 12-month low of $1,459.49 and a 12-month high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The company has a market capitalization of $84,950.00, a P/E ratio of 23.10, a PEG ratio of 1.36 and a beta of 1.43.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $29.69 earnings per share. sell-side analysts expect that The Priceline Group will post 74.42 EPS for the current fiscal year.
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In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 367 shares of company stock valued at $672,929. 0.24% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. EagleClaw Capital Managment LLC grew its holdings in The Priceline Group by 8.8% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 878 shares of the business services provider’s stock worth $1,605,000 after acquiring an additional 71 shares during the period. Moors & Cabot Inc. grew its holdings in The Priceline Group by 23.5% during the 3rd quarter. Moors & Cabot Inc. now owns 289 shares of the business services provider’s stock worth $527,000 after acquiring an additional 55 shares during the period. IFM Investors Pty Ltd acquired a new stake in The Priceline Group during the 3rd quarter worth about $2,517,000. Fieldpoint Private Securities LLC grew its holdings in The Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after acquiring an additional 94 shares during the period. Finally, Parallel Advisors LLC grew its holdings in The Priceline Group by 43.8% during the 3rd quarter. Parallel Advisors LLC now owns 338 shares of the business services provider’s stock worth $582,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.
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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