Susquehanna Bancshares Inc restated their positive rating on shares of The Priceline Group Inc. (NASDAQ:PCLN) in a research note released on Thursday morning. Susquehanna Bancshares Inc currently has a $2,200.00 price target on the business services provider’s stock, up from their prior price target of $2,150.00.
PCLN has been the topic of several other research reports. Credit Suisse Group reissued an outperform rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday. Needham & Company LLC reissued a buy rating on shares of The Priceline Group in a report on Wednesday, June 21st. MKM Partners reissued a buy rating and issued a $2,050.00 price target (up previously from $2,030.00) on shares of The Priceline Group in a report on Wednesday, May 17th. Stifel Nicolaus reissued a buy rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday. Finally, Deutsche Bank AG boosted their price target on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the company a hold rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $1,909.30.
The Priceline Group (NASDAQ:PCLN) traded up 0.25% on Thursday, hitting $1854.17. 620,703 shares of the stock were exchanged. The stock has a market cap of $90.96 billion, a PE ratio of 39.38 and a beta of 1.42. The company’s 50 day moving average is $1,950.91 and its 200 day moving average is $1,809.82. The Priceline Group has a 1-year low of $1,392.44 and a 1-year high of $2,067.99. The Priceline Group also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 15,301 put options on the stock. This is an increase of approximately 209% compared to the typical daily volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.93 EPS. On average, equities research analysts expect that The Priceline Group will post $74.80 earnings per share for the current 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 Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the sale, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the sale, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock valued at $3,245,648 over the last three months. Company insiders own 0.42% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Koshinski Asset Management Inc. bought a new stake in shares of The Priceline Group during the first quarter worth approximately $208,000. Bank of Montreal Can boosted its stake in shares of The Priceline Group by 53.5% in the first quarter. Bank of Montreal Can now owns 78,031 shares of the business services provider’s stock worth $138,893,000 after buying an additional 27,206 shares during the period. CrestPoint Capital Management LLC boosted its stake in shares of The Priceline Group by 25.0% in the first quarter. CrestPoint Capital Management LLC now owns 500 shares of the business services provider’s stock worth $890,000 after buying an additional 100 shares during the period. Marathon Asset Management LLP boosted its stake in shares of The Priceline Group by 7.4% in the first quarter. Marathon Asset Management LLP now owns 46,996 shares of the business services provider’s stock worth $83,651,000 after buying an additional 3,249 shares during the period. Finally, TNB Financial bought a new stake in shares of The Priceline Group during the first quarter worth approximately $11,935,000. 95.01% of the stock is owned by institutional investors.
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.
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