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

Today, The Priceline Group Inc. (PCLN) Stock Rating Reaffirm by Susquehanna
The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating restated by stock analysts at Susquehanna in a research report issued to clients and investors on Tuesday. They currently have a $1,700.00 price objective on the stock. Susquehanna’s price objective suggests a potential upside of 11.72% from the stock’s previous close.

A number of other analysts have also weighed in on PCLN. Cantor Fitzgerald restated a “buy” rating and set a $1,560.00 price objective (up from $1,453.49) on shares of The Priceline Group in a research note on Thursday, September 29th. Jefferies Group restated a “buy” rating and set a $1,700.00 price objective on shares of The Priceline Group in a research note on Tuesday, October 25th. Piper Jaffray Cos. restated an “overweight” rating and set a $1,625.00 price objective (up from $1,500.00) on shares of The Priceline Group in a research note on Monday, August 1st. Evercore ISI started coverage on shares of The Priceline Group in a research note on Monday, July 25th. They set a “hold” rating and a $1,350.00 price objective for the company. Finally, Vetr upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating and set a $1,698.54 price objective for the company in a research note on Monday, September 5th. Six research 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 stock. The company currently has an average rating of “Buy” and an average price target of $1,622.45.

The Priceline Group (NASDAQ:PCLN) traded up 0.05% on Tuesday, reaching $1521.68. 174,009 shares of the company’s stock were exchanged. The company has a market cap of $75.09 billion, a PE ratio of 38.84 and a beta of 1.69. The Priceline Group has a 52-week low of $954.02 and a 52-week high of $1,600.93. The firm’s 50 day moving average price is $1,485.47 and its 200 day moving average price is $1,391.83.

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, topping the Thomson Reuters’ consensus estimate of $29.88 by $1.30. The company earned $3.69 billion during 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 Priceline Group’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business earned $25.35 EPS. On average, analysts expect that The Priceline Group will post $64.44 earnings per share for the current year.

In related news, CEO Jeffery H. Boyd sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $1,472.08, for a total value of $4,416,240.00. Following the sale, the chief executive officer now owns 85,537 shares in the company, valued at $125,917,306.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 130 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the completion of the sale, the chief executive officer now owns 5,788 shares in the company, valued at approximately $8,288,300.24. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Large investors have recently made changes to their positions in the company. Capital World Investors boosted its stake in shares of The Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the company’s stock valued at $2,322,868,000 after buying an additional 342,746 shares in the last quarter. Lone Pine Capital LLC boosted its stake in shares of The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock valued at $1,399,165,000 after buying an additional 329,121 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of The Priceline Group during the first quarter valued at $251,864,000. Soroban Capital Partners LP acquired a new stake in shares of The Priceline Group during the third quarter valued at $223,078,000. Finally, Jennison Associates LLC boosted its stake in shares of The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock valued at $1,071,342,000 after buying an additional 150,154 shares in the last quarter. Institutional investors own 94.10% of the company’s stock.

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