The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reiterated by Barclays PLC in a research note issued on Wednesday. They presently have a $2,150.00 price target on the business services provider’s stock. Barclays PLC’s price target points to a potential upside of 11.97% from the company’s previous close.

Several other brokerages have also weighed in on PCLN. Credit Suisse Group reissued an “outperform” rating and set a $2,070.00 price objective (down from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie increased their price objective on The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and set a $2,075.00 price objective (up from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reissued a “hold” rating and set a $1,850.00 price objective on shares of The Priceline Group in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The Priceline Group presently has an average rating of “Buy” and an average target price of $1,961.00.

The Priceline Group (NASDAQ:PCLN) traded up 0.19% during mid-day trading on Wednesday, reaching $1920.20. The company had a trading volume of 221,397 shares. The company’s 50-day moving average is $1,849.43 and its 200-day moving average is $1,863.49. The stock has a market capitalization of $94.20 billion, a PE ratio of 40.78 and a beta of 1.47. The Priceline Group has a one year low of $1,422.19 and a one year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that The Priceline Group will post $74.79 earnings per share for the current year.

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In other news, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the transaction, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,867 shares of company stock worth $5,384,080. Company insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Well Done LLC increased its holdings in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after buying an additional 2 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after buying an additional 3 shares during the period. LS Investment Advisors LLC increased its holdings in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after buying an additional 4 shares during the period. First National Bank of Hutchinson increased its holdings in shares of The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after buying an additional 4 shares during the period. Finally, Hedeker Wealth LLC increased its holdings in shares of The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock worth $909,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 94.45% 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.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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