Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by Piper Jaffray Cos.

Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by Piper Jaffray Cos.

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Cos. in a research report issued to clients and investors on Tuesday. They presently have a $1,625.00 target price on the stock. Piper Jaffray Cos.’s price objective indicates a potential upside of 6.79% from the stock’s current price.

Several other analysts also recently issued reports on PCLN. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Priceline Group in a research report on Friday, August 5th. Evercore ISI reiterated a “buy” rating and set a $1,650.00 target price on shares of The Priceline Group in a research report on Tuesday, November 8th. Deutsche Bank AG reiterated a “buy” rating and set a $1,700.00 target price on shares of The Priceline Group in a research report on Tuesday, November 8th. Morgan Stanley reiterated a “buy” rating and set a $1,600.00 target price on shares of The Priceline Group in a research report on Tuesday, November 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $1,560.00 target price (up from $1,510.00) on shares of The Priceline Group in a research report on Monday, August 8th. Six equities research 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 Priceline Group presently 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’s stock had a trading volume of 174,009 shares. 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 P/E ratio of 38.84 and a beta of 1.69. The company’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 posted its earnings results on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the Zacks’ consensus estimate of $29.88 by $1.30. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $25.35 earnings per share. Equities analysts anticipate that The Priceline Group will post $64.44 EPS for the current year.

In related news, 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 value of $196,496.07. Following the sale, the chief executive officer now owns 5,526 shares of the company’s stock, valued at approximately $8,288,834.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was 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. Company insiders own 0.42% of the company’s stock.

Several hedge funds have recently made changes to their positions in PCLN. Envestnet Asset Management Inc. increased its stake in shares of 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. Hillman Co. increased its stake in shares of The Priceline Group by 29.2% in the second quarter. Hillman Co. now owns 22,929 shares of the company’s stock valued at $28,625,000 after buying an additional 5,186 shares during the period. Henderson Group PLC increased its stake in shares of The Priceline Group by 19.9% in the second quarter. Henderson Group PLC now owns 79,996 shares of the company’s stock valued at $99,914,000 after buying an additional 13,258 shares during the period. Orbis Allan Gray Ltd bought a new stake in shares of The Priceline Group during the first quarter valued at about $251,864,000. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of 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. 94.10% of the stock is currently owned by institutional investors and hedge funds.

About The Priceline Group

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