Jefferies Group Weighs in on Priceline Group Inc’s FY2018 Earnings (NASDAQ:PCLN)

Priceline Group Inc (NASDAQ:PCLN) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for shares of Priceline Group in a note issued to investors on Sunday, according to Zacks Investment Research. 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 previous forecast of $91.23.

Priceline Group (NASDAQ:PCLN) last announced its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $29.69 earnings per share. Priceline Group’s quarterly revenue was up 20.1% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Oppenheimer restated a “buy” rating and issued a $1,950.00 price objective (down from $2,100.00) on shares of Priceline Group in a report on Tuesday, November 7th. Citigroup restated a “buy” rating and issued a $2,050.00 price objective on shares of Priceline Group in a report on Tuesday, November 7th. Stifel Nicolaus cut their price objective on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $2,000.00 price objective (down from $2,200.00) on shares of Priceline Group in a report on Tuesday, November 7th. Finally, Barclays reiterated a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a report on Wednesday, October 11th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,025.31.

Priceline Group (PCLN) opened at $1,903.69 on Wednesday. Priceline Group has a twelve month low of $1,562.86 and a twelve month high of $2,067.99. The firm has a market cap of $93,390.00, a P/E ratio of 26.67, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new stake in shares of Priceline Group during the 3rd quarter worth about $36,616,000. Norinchukin Bank The raised its stake in Priceline Group by 4.0% in the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after purchasing an additional 228 shares in the last quarter. Equitec Proprietary Markets LLC acquired a new stake in Priceline Group in the 3rd quarter worth about $549,000. Troy Asset Management Ltd acquired a new stake in Priceline Group in the 3rd quarter worth about $3,295,000. Finally, Profund Advisors LLC raised its stake in Priceline Group by 9.8% in the 2nd quarter. Profund Advisors LLC now owns 4,431 shares of the business services provider’s stock worth $8,288,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the sale, the director now owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was 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. In the last three months, insiders sold 1,567 shares of company stock valued at $2,780,310. Insiders own 0.24% of the company’s stock.

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Priceline Group Company Profile

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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