Todays Report: Today, The Priceline Group’s (PCLN) Hold Rating Reiterate at Pacific Crest

Today, The Priceline Group’s (PCLN) Hold Rating Reiterate at Pacific Crest

The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “hold” rating reiterated by stock analysts at Pacific Crest in a note issued to investors on Tuesday.

Several other research analysts have also recently commented on PCLN. Zacks Investment Research cut shares of The Priceline Group from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,560.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Morgan Stanley reaffirmed a “buy” rating and set a $1,600.00 target price on shares of The Priceline Group in a report on Friday, August 5th. Benchmark Co. reaffirmed a “buy” rating and set a $1,800.00 target price (up from $1,600.00) on shares of The Priceline Group in a report on Tuesday, November 8th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $1,550.00 target price on shares of The Priceline Group in a report on Friday, August 5th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,622.45.

The Priceline Group (NASDAQ:PCLN) traded up 0.05% on Tuesday, reaching $1521.68. The company’s stock had a trading volume of 174,009 shares. The firm has a market cap of $75.09 billion, a P/E ratio of 38.84 and a beta of 1.69. The firm’s 50 day moving average is $1,485.47 and its 200-day moving average is $1,391.83. 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 earnings results on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $25.35 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities research analysts anticipate that The Priceline Group will post $64.44 EPS for the current year.

In other news, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 131 shares of the business’s stock in a transaction dated 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 directly owns 5,526 shares of the company’s stock, valued at $8,288,834.22. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Several large investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its position 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 valued at $9,380,000 after buying an additional 250 shares during the period. Piedmont Investment Advisors LLC purchased a new position in The Priceline Group during the third quarter valued at $14,994,000. LPL Financial LLC boosted its position in The Priceline Group by 0.7% in the third quarter. LPL Financial LLC now owns 1,200 shares of the company’s stock valued at $1,787,000 after buying an additional 8 shares during the period. Covington Capital Management boosted its position in The Priceline Group by 3.8% in the third quarter. Covington Capital Management now owns 690 shares of the company’s stock valued at $1,015,000 after buying an additional 25 shares during the period. Finally, Sawtooth Solutions LLC boosted its position in The Priceline Group by 9.9% in the third quarter. Sawtooth Solutions LLC now owns 422 shares of the company’s stock valued at $621,000 after buying an additional 38 shares during the period. 94.10% of the stock is owned by institutional investors.

The Priceline Group Company Profile

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