The Priceline Group Inc. (PCLN) Stock Rating Upgraded by Vetr Inc.
The Priceline Group Inc. (NASDAQ:PCLN) was upgraded by investment analysts at Vetr from a “sell” rating to a “strong-buy” rating in a report released on Thursday. The firm presently has a $1,744.70 target price on the stock. Vetr‘s price objective points to a potential upside of 13.24% from the stock’s current price.
A number of other research firms have also issued reports on PCLN. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $1,660.00 target price (down previously from $1,750.00) on shares of The Priceline Group in a report on Tuesday, November 8th. Zacks Investment Research raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 target price on the stock in a report on Thursday, August 11th. Royal Bank Of Canada raised their target price on The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a report on Friday, October 7th. Susquehanna reaffirmed a “buy” rating and issued a $1,700.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of The Priceline Group in a report on Tuesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,622.45.
The Priceline Group (NASDAQ:PCLN) opened at 1540.65 on Thursday. The Priceline Group has a 52 week low of $954.02 and a 52 week high of $1,600.93. The company’s 50-day moving average price is $1,475.07 and its 200-day moving average price is $1,377.97. The company has a market capitalization of $76.02 billion, a P/E ratio of 39.33 and a beta of 1.69.
The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $25.35 EPS. On average, equities analysts forecast 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 3,000 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $1,472.08, for a total value of $4,416,240.00. Following the completion of the transaction, the chief executive officer now directly owns 85,537 shares of the company’s stock, valued at $125,917,306.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total value of $1,497,950.00. Following the completion of the transaction, the insider now directly owns 24,991 shares of the company’s stock, valued at $37,435,268.45. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PCLN. BlueMountain Capital Management LLC boosted its position in The Priceline Group by 65.3% in the first quarter. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock worth $104,000 after buying an additional 32 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of The Priceline Group by 416.7% in the second quarter. Global X Management Co. LLC now owns 93 shares of the company’s stock worth $116,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of The Priceline Group by 18.1% in the second quarter. Integrated Investment Consultants LLC now owns 98 shares of the company’s stock worth $122,000 after buying an additional 15 shares during the period. Tiedemann Wealth Management LLC purchased a new stake in shares of The Priceline Group during the third quarter worth approximately $136,000. Finally, First Manhattan Co. raised its stake in shares of The Priceline Group by 233.3% in the third quarter. First Manhattan Co. now owns 100 shares of the company’s stock worth $147,000 after buying an additional 70 shares during the period. 94.10% of the stock is owned by hedge funds and other institutional investors.
About The Priceline Group
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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