The Priceline Group Inc. (NASDAQ:PCLN) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $1,900.00 price target on the stock, up from their prior price target of $1,650.00. Stifel Nicolaus’ price objective would suggest a potential upside of 23.32% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank AG boosted their price target on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. RBC Capital Markets reiterated a “buy” rating and issued a $1,600.00 price target on shares of The Priceline Group in a research note on Monday, August 1st. Benchmark Co. boosted their price target on shares of The Priceline Group from $1,440.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Jefferies Group reiterated a “buy” rating and issued a $1,660.00 price target on shares of The Priceline Group in a research note on Monday, July 25th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $1,600.00 price target on shares of The Priceline Group in a research note on Friday, August 5th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group currently has a consensus rating of “Buy” and a consensus price target of $1,622.45.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

Shares of The Priceline Group (NASDAQ:PCLN) opened at 1540.65 on Thursday. The company has a market capitalization of $76.02 billion, a PE ratio of 39.33 and a beta of 1.69. The Priceline Group has a 1-year low of $954.02 and a 1-year high of $1,600.93. The company has a 50 day moving average price of $1,475.07 and a 200 day moving average price of $1,377.97.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the 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 34.70%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $25.35 EPS. Equities analysts predict that The Priceline Group will post $64.68 EPS for the current fiscal year.

In other The Priceline Group news, CEO Jeffery H. Boyd sold 2,814 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $1,467.98, for a total value of $4,130,895.72. Following the completion of the transaction, the chief executive officer now owns 88,939 shares of the company’s stock, valued at $130,560,673.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $1,453.23, for a total transaction of $1,453,230.00. Following the completion of the transaction, the insider now directly owns 23,918 shares of the company’s stock, valued at approximately $34,758,355.14. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PCLN. Allen Investment Management LLC boosted its position in The Priceline Group by 8.3% in the third quarter. Allen Investment Management LLC now owns 58,982 shares of the company’s stock worth $86,791,000 after buying an additional 4,501 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its position in shares of The Priceline Group by 1,992.8% in the third quarter. Birch Hill Investment Advisors LLC now owns 13,122 shares of the company’s stock valued at $19,309,000 after buying an additional 12,495 shares during the period. Hartford Investment Management Co. boosted its position in shares of The Priceline Group by 1.6% in the third quarter. Hartford Investment Management Co. now owns 11,979 shares of the company’s stock valued at $17,627,000 after buying an additional 188 shares during the period. Hitchwood Capital Management LP acquired a new position in shares of The Priceline Group during the third quarter valued at about $51,502,000. Finally, Jana Partners LLC acquired a new position in shares of The Priceline Group during the third quarter valued at about $155,108,000. 94.04% of the stock is owned by institutional investors and hedge funds.

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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