Priceline Group Inc (NASDAQ:PCLN) – Stock analysts at Jefferies Group dropped their FY2018 earnings per share estimates for Priceline Group in a research note issued on Sunday. Jefferies Group analyst B. Thill now expects that the business services provider will post earnings of $86.29 per share for the year, down from their prior estimate of $91.23.

Several other research analysts have also recently issued reports on PCLN. SunTrust Banks upped their price target on Priceline Group to $2,200.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Priceline Group from a “sell” rating to a “buy” rating and set a $2,074.00 target price on the stock in a research note on Tuesday. Vetr downgraded shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 target price on the stock. in a research note on Monday. Oppenheimer boosted their target price on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Bank of America reissued a “buy” rating and set a $2,150.00 target price on shares of Priceline Group in a research note on Tuesday, September 26th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $2,010.80.

Priceline Group (PCLN) traded up $20.19 during midday trading on Wednesday, hitting $1,893.10. The company’s stock had a trading volume of 385,800 shares, compared to its average volume of 442,237. The company has a market capitalization of $94,160.00, a PE ratio of 26.53, a P/E/G ratio of 1.28 and a beta of 1.39. Priceline Group has a 52 week low of $1,516.00 and a 52 week high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $29.69 earnings per share.

In related news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the completion of the sale, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock valued at $2,781,444 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in PCLN. Harvest Fund Management Co. Ltd bought a new stake in Priceline Group during the second quarter valued at about $101,000. Horan Capital Advisors LLC. acquired a new position in shares of Priceline Group during the third quarter valued at about $103,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Priceline Group during the second quarter valued at about $133,000. TCI Wealth Advisors Inc. raised its position in shares of Priceline Group by 8.7% during the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after buying an additional 6 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Priceline Group during the second quarter valued at about $187,000. Institutional investors own 94.39% of the company’s stock.

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About 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.

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