The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They presently have a $1,670.00 price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.75% from the company’s current price.
A number of other equities research analysts have also commented on the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,560.00 target price (up previously from $1,453.49) on shares of The Priceline Group in a research report on Thursday, September 29th. Jefferies Group reiterated a “buy” rating and issued a $1,700.00 target price on shares of The Priceline Group in a research report on Tuesday, October 25th. Piper Jaffray Cos. restated an “overweight” rating and issued a $1,625.00 price objective (up previously from $1,500.00) on shares of The Priceline Group in a research report on Monday, August 1st. Evercore ISI assumed coverage on The Priceline Group in a research report on Monday, July 25th. They issued a “hold” rating and a $1,350.00 price objective on the stock. Finally, Vetr upgraded The Priceline Group from a “buy” rating to a “strong-buy” rating and set a $1,698.54 price objective on the stock in a research report on Monday, September 5th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Priceline Group has an average rating of “Buy” and a consensus target price of $1,622.45.
The Priceline Group (NASDAQ:PCLN) traded up 0.05% on Tuesday, hitting $1521.68. 174,009 shares of the company were exchanged. The stock has a market capitalization of $75.09 billion, a P/E ratio of 38.84 and a beta of 1.69. The Priceline Group has a 52-week low of $954.02 and a 52-week high of $1,600.93. The stock’s 50-day moving average price is $1,485.47 and its 200-day moving average price is $1,391.83.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 7th. The company reported $31.18 EPS for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The Priceline Group’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $25.35 earnings per share. On average, equities research analysts anticipate that The Priceline Group will post $64.44 earnings per share for the current fiscal year.
In other The Priceline Group news, CEO Gillian Tans sold 130 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $1,431.98, for a total value of $186,157.40. Following the sale, the chief executive officer now owns 5,788 shares of the company’s stock, valued at approximately $8,288,300.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total value of $1,497,950.00. Following the completion of the sale, the insider now directly owns 24,991 shares in the company, valued at approximately $37,435,268.45. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Capital World Investors raised its stake in The Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the company’s stock worth $2,322,868,000 after buying an additional 342,746 shares in the last quarter. Lone Pine Capital LLC raised its stake in shares of The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock valued at $1,399,165,000 after buying an additional 329,121 shares during the period. Orbis Allan Gray Ltd acquired a new stake in shares of The Priceline Group during the first quarter valued at $251,864,000. Soroban Capital Partners LP acquired a new stake in shares of The Priceline Group during the third quarter valued at $223,078,000. Finally, Jennison Associates LLC raised its stake in shares of The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock valued at $1,071,342,000 after buying an additional 150,154 shares during the period. 94.10% of the stock is currently owned by institutional investors.
The Priceline Group Company Profile