Trade Report: Today, The Priceline Group Inc. (PCLN) Rating Reiterate by Credit Suisse Group AG

Today, The Priceline Group Inc. (PCLN) Rating Reiterate by Credit Suisse Group AG

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reissued by equities researchers at Credit Suisse Group AG in a research report issued on Tuesday. They currently have a $1,660.00 target price on the stock, down from their previous target price of $1,750.00. Credit Suisse Group AG’s price target would indicate a potential upside of 9.09% from the company’s current price.

Several other analysts have also issued reports on PCLN. Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Cantor Fitzgerald restated a “buy” rating and issued a $1,560.00 target price on shares of The Priceline Group in a research report on Tuesday, November 8th. Morgan Stanley restated a “buy” rating and issued a $1,600.00 target price on shares of The Priceline Group in a research report on Friday, August 5th. Benchmark Co. restated a “buy” rating and issued a $1,800.00 target price (up previously from $1,600.00) on shares of The Priceline Group in a research report on Tuesday, November 8th. Finally, Barclays PLC restated an “overweight” rating and issued a $1,550.00 target price on shares of The Priceline Group in a research report on Friday, August 5th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,622.45.

Shares of The Priceline Group (NASDAQ:PCLN) traded up 0.05% during trading on Tuesday, hitting $1521.68. 174,009 shares of the stock 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 price-to-earnings ratio of 38.84 and a beta of 1.69. The firm has a 50-day moving average of $1,485.47 and a 200-day moving average of $1,391.83.

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

In other The Priceline Group news, CEO Gillian Tans sold 130 shares of The Priceline Group stock in a transaction dated Thursday, September 15th. The shares were 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 $8,288,300.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Glenn D. Fogel sold 1,000 shares of The Priceline Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of the sale, the insider now directly owns 25,131 shares in the company, valued at approximately $36,056,702.25. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. AMP Capital Investors Ltd raised its stake in The Priceline Group by 5.1% in the first quarter. AMP Capital Investors Ltd now owns 24,472 shares of the company’s stock valued at $32,231,000 after buying an additional 1,191 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in The Priceline Group by 74.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 74,100 shares of the company’s stock valued at $95,512,000 after buying an additional 31,600 shares during the period. Bayesian Capital Management LP acquired a new stake in The Priceline Group during the first quarter valued at about $459,000. Legal & General Group Plc raised its stake in The Priceline Group by 1.2% in the first quarter. Legal & General Group Plc now owns 204,290 shares of the company’s stock valued at $263,327,000 after buying an additional 2,414 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in The Priceline Group by 19.7% in the first quarter. Envestnet Asset Management Inc. now owns 25,164 shares of the company’s stock valued at $32,435,000 after buying an additional 4,141 shares during the period. 94.10% of the stock is currently owned by institutional investors.

About The Priceline Group

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