Raymond James Financial Inc. set a $1,700.00 price target on The Priceline Group Inc. (NASDAQ:PCLN) in a research note released on Tuesday. The brokerage currently has a a buy rating on the stock.

A number of other research firms have also recently weighed in on PCLN. Royal Bank Of Canada upped their target price on shares of The Priceline Group from $1,600.00 to $1,750.00 and gave the company an outperform rating in a research note on Friday, October 7th. RBC Capital Markets reissued a buy rating and issued a $1,750.00 target price (up previously from $1,600.00) on shares of The Priceline Group in a research note on Friday, October 7th. Zacks Investment Research cut shares of The Priceline Group from a buy rating to a hold rating in a research note on Wednesday, October 5th. Barclays PLC reissued a buy rating and issued a $1,500.00 target price (down previously from $1,550.00) on shares of The Priceline Group in a research note on Tuesday. Finally, Goldman Sachs Group Inc. reissued a hold rating and issued a $1,400.00 target price on shares of The Priceline Group in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $1,622.45.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

The Priceline Group (NASDAQ:PCLN) opened at 1554.32 on Tuesday. The firm has a 50 day moving average price of $1,472.99 and a 200 day moving average price of $1,376.51. The company has a market cap of $76.70 billion, a PE ratio of 39.68 and a beta of 1.69. The Priceline Group has a 12-month low of $954.02 and a 12-month high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 35.43%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $25.35 earnings per share. On average, analysts anticipate that The Priceline Group will post $68.12 earnings per share for the current fiscal year.

In related news, insider Glenn D. Fogel sold 1,000 shares of The Priceline Group stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the sale, the insider now directly owns 25,131 shares of the company’s stock, valued at approximately $36,056,702.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 130 shares of The Priceline Group stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the sale, the chief executive officer now directly owns 5,788 shares in the company, valued at $8,288,300.24. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in PCLN. Quadrant Capital Group LLC raised its stake in shares of The Priceline Group by 0.8% in the third quarter. Quadrant Capital Group LLC now owns 129 shares of the company’s stock valued at $180,000 after buying an additional 1 shares during the period. Bangor Savings Bank raised its stake in shares of The Priceline Group by 0.3% in the second quarter. Bangor Savings Bank now owns 727 shares of the company’s stock valued at $908,000 after buying an additional 2 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of The Priceline Group by 1.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 106 shares of the company’s stock valued at $156,000 after buying an additional 2 shares during the period. Tdam USA Inc. raised its stake in shares of The Priceline Group by 0.6% in the second quarter. Tdam USA Inc. now owns 497 shares of the company’s stock valued at $620,000 after buying an additional 3 shares during the period. Finally, Capital Analysts LLC raised its stake in shares of The Priceline Group by 1.3% in the second quarter. Capital Analysts LLC now owns 318 shares of the company’s stock valued at $397,000 after buying an additional 4 shares during the period. 94.10% of the stock is currently owned by institutional investors.

The Priceline Group Company Profile

The Priceline Group Inc is a provider of travel and restaurant 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.

5 Day Chart for NASDAQ:PCLN

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