Priceline Group (PCLN) PT Raised to $2,100.00

Priceline Group (NASDAQ:PCLN) had its target price hoisted by Oppenheimer from $1,950.00 to $2,100.00 in a research report report published on Tuesday. Oppenheimer currently has an outperform rating on the business services provider’s stock. Oppenheimer also issued estimates for Priceline Group’s Q4 2017 earnings at $13.95 EPS, Q1 2018 earnings at $9.81 EPS, Q2 2018 earnings at $15.79 EPS, Q3 2018 earnings at $41.50 EPS, Q4 2018 earnings at $16.82 EPS, FY2018 earnings at $83.86 EPS, FY2019 earnings at $94.18 EPS and FY2020 earnings at $104.39 EPS.

Several other equities analysts have also recently commented on PCLN. Vetr cut shares of Priceline Group from a buy rating to a hold rating and set a $1,915.34 price target for the company. in a research report on Monday. Bank of America reissued a buy rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Tuesday, September 26th. Guggenheim cut shares of Priceline Group from a buy rating to a neutral rating in a research report on Tuesday, November 7th. Citigroup reaffirmed a buy rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $2,100.00 price objective (up from $2,050.00) on shares of Priceline Group in a research report on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $2,010.80.

Priceline Group (NASDAQ:PCLN) traded up $26.30 during trading on Tuesday, reaching $1,919.40. 553,713 shares of the company traded hands, compared to its average volume of 396,524. Priceline Group has a 12-month low of $1,516.00 and a 12-month 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. The firm has a market cap of $94,160.00, a P/E ratio of 26.89, a PEG ratio of 1.28 and a beta of 1.39.

Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm earned $29.69 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts predict that Priceline Group will post 74.42 earnings per share for the current year.

In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of Priceline Group 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 transaction, the director now directly owns 142 shares in the company, valued at $250,561.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 123 shares of Priceline Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,567 shares of company stock valued at $2,781,444. 0.24% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PCLN. Harding Loevner LP increased its stake in Priceline Group by 2,593.1% in the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after purchasing an additional 5,058,945 shares during the period. Janus Henderson Group PLC increased its stake in shares of Priceline Group by 654.1% during the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after acquiring an additional 557,358 shares during the period. Capital Research Global Investors increased its stake in shares of Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after acquiring an additional 108,187 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Priceline Group during the third quarter worth about $174,056,000. Finally, Flossbach Von Storch AG increased its stake in shares of Priceline Group by 30,890.9% during the third quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock worth $156,032,000 after acquiring an additional 84,950 shares during the period. 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.

Analyst Recommendations for Priceline Group (NASDAQ:PCLN)

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