Equities research analysts at Credit Suisse Group started coverage on shares of The Priceline Group Inc. (NASDAQ:PCLN) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating and a $1,900.00 price target on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 23.49% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Evercore ISI reiterated a “buy” rating and set a $1,650.00 target price on shares of The Priceline Group in a 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 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 report on Tuesday, November 8th. Goldman Sachs Group, Inc. (The) reiterated a “hold” rating and set a $1,400.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Finally, Bank of America reiterated a “buy” rating and set a $1,580.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Six equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,650.85.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

The Priceline Group (NASDAQ:PCLN) traded up 0.234% during midday trading on Wednesday, hitting $1542.195. 112,900 shares of the stock traded hands. The company has a 50-day moving average price of $1,506.48 and a 200 day moving average price of $1,435.06. The Priceline Group has a one year low of $954.02 and a one year high of $1,600.93. The stock has a market cap of $76.10 billion, a price-to-earnings ratio of 39.366 and a beta of 1.65.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 7th. The company reported $31.18 earnings per share (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 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 firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the business earned $25.35 EPS. Equities research analysts anticipate that The Priceline Group will post $64.63 earnings per share for the current year.

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In related news, CEO Gillian Tans sold 130 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $1,520.00, for a total value of $197,600.00. Following the completion of the sale, the chief executive officer now owns 5,396 shares in the company, valued at $8,201,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $1,453.23, for a total transaction of $1,453,230.00. Following the completion of the sale, the insider now owns 23,918 shares of the company’s stock, valued at approximately $34,758,355.14. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its stake in shares of The Priceline Group by 106.5% in the second quarter. Acadian Asset Management LLC now owns 411 shares of the company’s stock valued at $513,000 after buying an additional 212 shares during the period. LS Investment Advisors LLC boosted its position in shares of The Priceline Group by 3.0% in the second quarter. LS Investment Advisors LLC now owns 918 shares of the company’s stock worth $1,146,000 after buying an additional 27 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of The Priceline Group by 5.4% in the second quarter. Checchi Capital Advisers LLC now owns 390 shares of the company’s stock worth $487,000 after buying an additional 20 shares during the last quarter. CIBC World Markets Inc. boosted its position in shares of The Priceline Group by 68.4% in the second quarter. CIBC World Markets Inc. now owns 763 shares of the company’s stock worth $953,000 after buying an additional 310 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its position in shares of The Priceline Group by 966.9% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,387 shares of the company’s stock worth $1,732,000 after buying an additional 1,257 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

5 Day Chart for NASDAQ:PCLN

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