Priceline Group (NASDAQ:PCLN) had its price objective lifted by equities researchers at Oppenheimer from $1,950.00 to $2,100.00 in a research note issued to investors on Tuesday, January 9th. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 12.96% from the stock’s previous close. 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.
Other analysts have also recently issued research reports about the stock. Citigroup reiterated a “buy” rating and issued a $2,050.00 price objective on shares of Priceline Group in a research note on Tuesday, November 7th. Stifel Nicolaus cut their target price on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $2,000.00 target price (down previously from $2,200.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Barclays restated a “buy” rating and set a $2,150.00 target price on shares of Priceline Group in a research report on Wednesday, October 11th. Finally, SunTrust Banks restated a “buy” rating and set a $2,200.00 target price on shares of Priceline Group in a research report on Wednesday, October 4th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Priceline Group presently has an average rating of “Buy” and an average target price of $2,025.31.
Priceline Group (NASDAQ:PCLN) opened at $1,859.10 on Tuesday. Priceline Group has a 52-week low of $1,571.32 and a 52-week high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market cap of $89,070.00, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.38.
Priceline Group (NASDAQ:PCLN) last issued 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 business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the firm earned $29.69 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. equities analysts anticipate that Priceline Group will post 74.45 earnings per share for the current fiscal year.
In related news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock valued at $2,780,310 over the last 90 days. Insiders own 0.24% of the company’s stock.
Several large investors have recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd bought a new position in shares of Priceline Group during the second quarter worth about $101,000. Horan Capital Advisors LLC. bought a new position in shares of Priceline Group during the third quarter worth about $103,000. SeaCrest Wealth Management LLC bought a new position in shares of Priceline Group during the fourth quarter worth about $123,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Priceline Group during the second quarter worth about $133,000. Finally, TCI Wealth Advisors Inc. grew 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 worth $140,000 after acquiring an additional 6 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.
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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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