The Priceline Group Inc. (PCLN) Upgraded by Vetr Inc. to Hold
The Priceline Group Inc. (NASDAQ:PCLN) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Thursday, May 11th. The firm presently has a $1,875.00 price objective on the business services provider’s stock. Vetr‘s price target would indicate a potential upside of 3.64% from the stock’s current price.
Several other analysts also recently commented on the stock. Credit Suisse Group set a $2,020.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research report on Wednesday, May 10th. J P Morgan Chase & Co raised their price target on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Priceline Group in a report on Wednesday, May 10th. Macquarie raised their price target on shares of The Priceline Group from $1,970.00 to $2,000.00 and gave the company an “outperform” rating in a report on Wednesday, May 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,928.36.
The Priceline Group (PCLN) opened at 1809.20 on Thursday. The Priceline Group has a 12-month low of $1,148.06 and a 12-month high of $1,927.13. The stock has a market capitalization of $88.91 billion, a PE ratio of 40.84 and a beta of 1.41. The company’s 50-day moving average is $1,854.10 and its 200 day moving average is $1,691.07.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted $10.54 EPS. The Priceline Group’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts expect that The Priceline Group will post $73.68 earnings per share for the current fiscal year.
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In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total value of $212,646.00. Following the completion of the transaction, the chief executive officer now directly owns 6,289 shares in the company, valued at $10,961,727. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the business’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 completion of the transaction, the director now owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
Several large investors have recently modified their holdings of PCLN. First Citizens Bank & Trust Co. acquired a new stake in shares of The Priceline Group during the third quarter worth $381,000. Capital One National Association raised its stake in shares of The Priceline Group by 10.7% in the third quarter. Capital One National Association now owns 363 shares of the business services provider’s stock worth $534,000 after buying an additional 35 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of The Priceline Group by 546.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 34,934 shares of the business services provider’s stock worth $1,617,000 after buying an additional 29,530 shares during the last quarter. Nippon Life Insurance Co. raised its stake in shares of The Priceline Group by 2.5% in the third quarter. Nippon Life Insurance Co. now owns 2,044 shares of the business services provider’s stock worth $3,008,000 after buying an additional 50 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. acquired a new stake in shares of The Priceline Group during the third quarter worth $3,679,000. Institutional investors and hedge funds own 96.73% of the company’s stock.
About The Priceline Group
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.
To view Vetr’s full report, visit Vetr’s official website.
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