Shares of The Priceline Group Inc. (NASDAQ:PCLN) have earned a consensus rating of “Buy” from the thirty-three brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,878.40.
A number of research firms have recently commented on PCLN. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. MKM Partners reaffirmed a “buy” rating and issued a $2,050.00 price objective (up from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. Credit Suisse Group upped their price objective on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG increased 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. Finally, UBS AG reissued a “buy” rating and set a $2,100.00 target price (up from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th.
In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares in the company, valued at $11,544,761.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders have sold 1,744 shares of company stock valued at $3,245,648 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Hartford Financial Management Inc. bought a new stake in The Priceline Group during the first quarter worth about $106,000. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the second quarter worth about $112,000. Webster Bank N. A. increased its stake in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares during the period. Assetmark Inc. raised its position in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Priceline Group during the first quarter worth $123,000. Institutional investors and hedge funds own 95.23% of the company’s stock.
The Priceline Group (NASDAQ:PCLN) opened at 2024.06 on Friday. The stock’s 50 day moving average is $1,909.13 and its 200-day moving average is $1,779.96. The company has a market capitalization of $99.47 billion, a PE ratio of 45.69 and a beta of 1.41. The Priceline Group has a 12 month low of $1,325.72 and a 12 month high of $2,043.95.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $2.45 billion. During the same period in the prior year, the firm posted $10.54 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts expect that The Priceline Group will post $74.03 EPS for the current year.
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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