The Priceline Group Inc. (PCLN) Expected to Post Q2 2017 Earnings of $14.53 Per Share
The Priceline Group Inc. (NASDAQ:PCLN) – Oppenheimer Holdings issued their Q2 2017 EPS estimates for shares of The Priceline Group in a research note issued on Tuesday. Oppenheimer Holdings analyst J. Kelly forecasts that the firm will post earnings of $14.53 per share for the quarter. Oppenheimer Holdings has a “Buy” rating and a $1,640.00 price objective on the stock. Oppenheimer Holdings also issued estimates for The Priceline Group’s Q3 2017 earnings at $34.82 EPS.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.88 by $1.30. The business earned $3.69 billion during the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $25.35 earnings per share.
PCLN has been the subject of several other research reports. Jefferies Group reissued a “buy” rating and issued a $1,700.00 price target on shares of The Priceline Group in a research note on Tuesday, August 23rd. Deutsche Bank AG boosted their price target on The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Vetr raised The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 price target for the company in a research note on Thursday. Zacks Investment Research cut The Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $1,625.00 price target on shares of The Priceline Group in a research note on Tuesday. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,622.45.
Shares of The Priceline Group (NASDAQ:PCLN) opened at 1540.65 on Thursday. The company has a 50 day moving average of $1,475.07 and a 200-day moving average of $1,377.97. The company has a market cap of $76.02 billion, a price-to-earnings ratio of 39.33 and a beta of 1.69. The Priceline Group has a 52 week low of $954.02 and a 52 week high of $1,600.93.
In related news, CEO Gillian Tans sold 130 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $1,431.98, for a total value of $186,157.40. Following the transaction, the chief executive officer now owns 5,788 shares in the company, valued at $8,288,300.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $1,453.23, for a total value of $1,453,230.00. Following the completion of the transaction, the insider now owns 23,918 shares in the company, valued at approximately $34,758,355.14. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Espalier Global Management LLC boosted its position in The Priceline Group by 42.9% in the third quarter. Espalier Global Management LLC now owns 10,000 shares of the company’s stock valued at $14,715,000 after buying an additional 3,000 shares in the last quarter. YCG LLC boosted its position in The Priceline Group by 4.5% in the third quarter. YCG LLC now owns 516 shares of the company’s stock valued at $759,000 after buying an additional 22 shares in the last quarter. University of Notre Dame DU Lac purchased a new position in The Priceline Group during the third quarter valued at about $2,278,000. Profund Advisors LLC boosted its position in The Priceline Group by 0.7% in the third quarter. Profund Advisors LLC now owns 3,962 shares of the company’s stock valued at $5,830,000 after buying an additional 26 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in The Priceline Group by 14.1% in the third quarter. Checchi Capital Advisers LLC now owns 445 shares of the company’s stock valued at $655,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 94.10% of the company’s stock.
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.
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