Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by JMP Securities

Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by JMP Securities
The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating restated by equities researchers at JMP Securities in a research note issued to investors on Tuesday.

A number of other brokerages have also issued reports on PCLN. RBC Capital Markets reaffirmed a “buy” rating and set a $1,750.00 price target (up from $1,600.00) on shares of The Priceline Group in a research note on Friday, October 7th. Royal Bank Of Canada increased their price target on The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a research note on Friday, October 7th. Zacks Investment Research lowered The Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Barclays PLC reaffirmed a “buy” rating and set a $1,500.00 price target (down from $1,550.00) on shares of The Priceline Group in a research note on Tuesday, November 8th. Finally, Benchmark Co. reissued 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. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,622.45.

The Priceline Group (NASDAQ:PCLN) traded up 0.05% during trading on Tuesday, reaching $1521.68. The company had a trading volume of 174,009 shares. The stock has a market cap 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 has a 52-week low of $954.02 and a 52-week high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.88 by $1.30. The firm earned $3.69 billion during 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 firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $25.35 EPS. On average, analysts anticipate that The Priceline Group will post $64.44 earnings per share for the current year.

In other The Priceline Group news, insider Glenn D. Fogel sold 1,000 shares of The Priceline Group stock in a transaction that occurred on 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 sale, the insider now directly owns 25,131 shares of the company’s stock, valued at $36,056,702.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 131 shares of The Priceline Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total value of $196,496.07. Following the sale, the chief executive officer now directly owns 5,526 shares in the company, valued at $8,288,834.22. 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 added to or reduced their stakes in PCLN. D.A. Davidson & CO. increased its stake in The Priceline Group by 4.1% in the third quarter. D.A. Davidson & CO. now owns 6,379 shares of the company’s stock worth $9,380,000 after buying an additional 250 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in The Priceline Group during the third quarter worth $14,994,000. LPL Financial LLC increased its stake in The Priceline Group by 0.7% in the third quarter. LPL Financial LLC now owns 1,200 shares of the company’s stock worth $1,787,000 after buying an additional 8 shares during the last quarter. Covington Capital Management increased its stake in The Priceline Group by 3.8% in the third quarter. Covington Capital Management now owns 690 shares of the company’s stock worth $1,015,000 after buying an additional 25 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its stake in The Priceline Group by 9.9% in the third quarter. Sawtooth Solutions LLC now owns 422 shares of the company’s stock worth $621,000 after buying an additional 38 shares during the last quarter. 94.10% of the stock is currently owned by institutional investors.

The Priceline Group Company Profile

Related posts

Leave a Comment