Todays Report: Today, The Priceline Group’s (PCLN) “Buy” Rating Reiterate at Deutsche Bank AG

Today, The Priceline Group’s (PCLN) “Buy” Rating Reiterate at Deutsche Bank AG

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

A number of other analysts have also recently weighed in on the company. Credit Suisse Group AG reiterated a “buy” rating and set a $1,660.00 price target (down from $1,750.00) on shares of The Priceline Group in a research report on Tuesday, November 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $1,560.00 price target on shares of The Priceline Group in a research report on Tuesday, November 8th. Benchmark Co. reiterated a “buy” rating and set a $1,800.00 price target (up from $1,600.00) on shares of The Priceline Group in a research report on Tuesday, November 8th. 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, RBC Capital Markets reaffirmed a “buy” rating and set a $1,750.00 price target on shares of The Priceline Group in a research note on Friday, November 4th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,622.45.

The Priceline Group (NASDAQ:PCLN) traded up 0.05% during midday trading on Tuesday, reaching $1521.68. The company’s stock had a trading volume of 174,009 shares. The stock’s 50 day moving average is $1,485.47 and its 200 day moving average is $1,391.83. The stock has a market cap of $75.09 billion, a P/E ratio of 38.84 and a beta of 1.69. The Priceline Group has a 12-month low of $954.02 and a 12-month high of $1,600.93.

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

In other news, CEO Gillian Tans sold 130 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was 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 directly owns 5,788 shares of the company’s stock, valued at $8,288,300.24. 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 dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total value of $1,434,750.00. Following the completion of the sale, the insider now directly owns 25,131 shares in the company, valued at $36,056,702.25. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Several large investors have recently modified their holdings of PCLN. AMP Capital Investors Ltd increased its stake in shares of 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 in the last quarter. 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 in the last quarter. Bayesian Capital Management LP purchased a new stake in The Priceline Group during the first quarter worth $459,000. Legal & General Group Plc increased 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 worth $263,327,000 after buying an additional 2,414 shares during the period. Finally, Envestnet Asset Management Inc. increased 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 worth $32,435,000 after buying an additional 4,141 shares during the period. 94.10% of the stock is currently owned by institutional investors.

The Priceline Group Company Profile

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