Trade Report: Today, The Priceline Group Inc. (PCLN) Rating Reiterate by Cantor Fitzgerald

Today, The Priceline Group Inc. (PCLN) Rating Reiterate by Cantor Fitzgerald

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reissued by equities research analysts at Cantor Fitzgerald in a report released on Tuesday. They currently have a $1,560.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 2.52% from the stock’s current price.

Several other research firms have also commented on PCLN. Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Morgan Stanley reaffirmed a “buy” rating and set a $1,600.00 price objective on shares of The Priceline Group in a research note on Friday, August 5th. Benchmark Co. reaffirmed a “buy” rating and set a $1,800.00 price objective (up from $1,600.00) on shares of The Priceline Group in a research note on Tuesday, November 8th. Barclays PLC reaffirmed an “overweight” rating and set a $1,550.00 price objective on shares of The Priceline Group in a research note on Friday, August 5th. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $1,750.00 price objective on shares of The Priceline Group in a research note on Friday, November 4th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,622.45.

Shares of The Priceline Group (NASDAQ:PCLN) traded up 0.05% on Tuesday, hitting $1521.68. 174,009 shares of the company traded hands. The Priceline Group has a 1-year low of $954.02 and a 1-year high of $1,600.93. The firm has a market capitalization of $75.09 billion, a P/E ratio of 38.84 and a beta of 1.69. The firm’s 50-day moving average is $1,485.47 and its 200 day moving average is $1,391.83.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping the consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business posted $25.35 earnings per share. The Priceline Group’s quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that The Priceline Group will post $64.44 earnings per share for the current fiscal year.

In other news, CEO Gillian Tans sold 130 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the transaction, the chief executive officer now owns 5,788 shares in the company, valued at $8,288,300.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Glenn D. Fogel sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the transaction, the insider now owns 25,131 shares in the company, valued at approximately $36,056,702.25. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its position in The Priceline Group by 25.1% in the first quarter. LPL Financial LLC now owns 6,158 shares of the company’s stock valued at $7,877,000 after buying an additional 1,236 shares during the period. Jones Financial Companies Lllp increased its position in The Priceline Group by 23.9% in the first quarter. Jones Financial Companies Lllp now owns 3,869 shares of the company’s stock valued at $4,987,000 after buying an additional 746 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in The Priceline Group during the first quarter valued at about $1,013,000. Sterling Ridge Capital Management LP purchased a new stake in shares of The Priceline Group during the first quarter worth approximately $1,344,000. Finally, Magnetar Financial LLC raised its stake in shares of The Priceline Group by 342.5% in the first quarter. Magnetar Financial LLC now owns 1,770 shares of the company’s stock worth $2,281,000 after buying an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

The Priceline Group Company Profile

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