Barclays PLC reaffirmed their buy rating on shares of The Priceline Group Inc. (NASDAQ:PCLN) in a research report report published on Wednesday. The firm currently has a $2,150.00 target price on the business services provider’s stock.

A number of other research firms have also recently issued reports on PCLN. Credit Suisse Group reissued an outperform rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Macquarie lifted their target price on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a positive rating in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a hold rating and set a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an outperform rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a hold rating and set a $1,850.00 target price on shares of The Priceline Group in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of Buy and a consensus price target of $1,961.00.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the company earned $13.93 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year.

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In other news, Director Jan L. Docter sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the sale, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders sold 2,867 shares of company stock valued at $5,384,080 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after purchasing an additional 79,784 shares during the last quarter. FMR LLC raised its stake in shares of The Priceline Group by 3.8% during the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after purchasing an additional 67,569 shares during the last quarter. Capital World Investors raised its stake in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after purchasing an additional 34,959 shares during the last quarter. Capital Research Global Investors raised its stake in shares of The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in shares of The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant online 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.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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