Today: Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by Evercore ISI

Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by Evercore ISI

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Evercore ISI in a research report issued on Tuesday. They currently have a $1,650.00 price objective on the stock. Evercore ISI’s price objective suggests a potential upside of 8.43% from the company’s current price.

PCLN has been the topic of several other research reports. Jefferies Group reaffirmed a “buy” rating and issued a $1,700.00 price objective on shares of The Priceline Group in a research report on Tuesday, August 23rd. Deutsche Bank AG boosted their price target on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. RBC Capital Markets reissued a “buy” rating and issued a $1,750.00 price target (up previously from $1,600.00) on shares of The Priceline Group in a research report on Friday, October 7th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a research report on Sunday, August 28th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently 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 stock were exchanged. The Priceline Group has a 1-year low of $954.02 and a 1-year high of $1,600.93. The company has a market capitalization of $75.09 billion, a PE ratio of 38.84 and a beta of 1.69. The company has a 50-day moving average price of $1,485.47 and a 200 day moving average price of $1,391.83.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the 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 company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $25.35 earnings per share. Analysts anticipate that The Priceline Group will post $64.44 EPS for the current fiscal year.

In other The Priceline Group news, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total transaction of $1,497,950.00. Following the sale, the insider now owns 24,991 shares in the company, valued at approximately $37,435,268.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $1,499.97, for a total transaction of $196,496.07. Following the sale, the chief executive officer now owns 5,526 shares in the company, valued at approximately $8,288,834.22. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PCLN. LPL Financial LLC boosted its stake 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 last quarter. Jones Financial Companies Lllp boosted its stake 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 last quarter. Schonfeld Strategic Advisors LLC bought a new stake in The Priceline Group during the first quarter valued at about $1,013,000. Sterling Ridge Capital Management LP bought a new stake in The Priceline Group during the first quarter valued at about $1,344,000. Finally, Magnetar Financial LLC boosted its stake in The Priceline Group by 342.5% in the first quarter. Magnetar Financial LLC now owns 1,770 shares of the company’s stock valued at $2,281,000 after buying an additional 1,370 shares during the last quarter. Institutional investors own 94.10% of the company’s stock.

The Priceline Group Company Profile

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