Piper Jaffray Companies reiterated their overweight rating on shares of The Priceline Group Inc. (NASDAQ:PCLN) in a research report report published on Friday, The Fly reports. They currently have a $110.00 price target on the business services provider’s stock, down from their previous price target of $2,150.00.

Several other analysts have also commented on PCLN. Moffett Nathanson lowered shares of The Priceline Group from a buy rating to a neutral rating and set a $1,850.00 price target on the stock. in a research report on Monday, April 3rd. Vetr upgraded shares of The Priceline Group from a sell rating to a hold rating and set a $1,759.00 price target on the stock in a research report on Monday, April 3rd. Credit Suisse Group set a $1,935.00 price target on shares of The Priceline Group and gave the company a buy rating in a research report on Saturday, April 8th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $2,000.00 price target (up previously from $1,860.00) on shares of The Priceline Group in a research report on Thursday, April 13th. Finally, Cantor Fitzgerald restated an overweight rating and set a $1,850.00 price target on shares of The Priceline Group in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The Priceline Group presently has an average rating of Buy and a consensus target price of $1,890.83.

The Priceline Group (NASDAQ:PCLN) opened at 2028.50 on Friday. The company’s 50 day moving average is $1,914.45 and its 200-day moving average is $1,787.10. The stock has a market cap of $99.68 billion, a PE ratio of 45.79 and a beta of 1.41. The Priceline Group has a 1-year low of $1,313.42 and a 1-year high of $2,043.95.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.83 by $1.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.45 billion. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.54 earnings per share. Equities research analysts forecast that The Priceline Group will post $74.03 earnings per share for the current fiscal year.

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In related news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now owns 6,044 shares in the company, valued at $10,963,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock valued at $3,245,648 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the period. FMR LLC increased its position in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares in the last quarter. Jennison Associates LLC increased its position in shares of The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares in the last quarter. Finally, Edgewood Management LLC increased its position in shares of The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares in the last quarter. Hedge funds and other institutional investors own 95.19% of the company’s stock.

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.

The Fly

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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