The Priceline Group Inc. (NASDAQ:PCLN)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $2,100.00 target price on the business services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 10.13% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. BidaskClub raised The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) upped their target price on The Priceline Group from $1,750.00 to $1,850.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $2,000.00 target price (up from $1,860.00) on shares of The Priceline Group in a research report on Thursday, April 13th. Macquarie set a $1,970.00 target price on The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, J P Morgan Chase & Co upped their target price on The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and an average price target of $1,905.97.

The Priceline Group (NASDAQ PCLN) opened at 1906.80 on Thursday. The stock’s 50 day moving average is $1,951.68 and its 200 day moving average is $1,807.38. The Priceline Group has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The company has a market capitalization of $93.70 billion, a PE ratio of 43.05 and a beta of 1.42. The Priceline Group also saw unusually large options trading on Tuesday. Stock investors acquired 15,301 put options on the company. This is an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 34.28% and a net margin of 20.51%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $13.93 earnings per share. The Priceline Group’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts predict that The Priceline Group will post $74.20 EPS for the current fiscal year.

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In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the transaction, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following 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 have sold a total of 1,744 shares of company stock valued at $3,245,648 in the last quarter. 0.42% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new position in The Priceline Group during the second quarter valued at $105,000. Hartford Financial Management Inc. purchased a new position in The Priceline Group during the first quarter valued at $106,000. Webster Bank N. A. increased its position in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock valued at $110,000 after buying an additional 12 shares during the last quarter. Assetmark Inc. increased its position in The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after buying an additional 7 shares during the last quarter. Finally, Capital Advisors Ltd. LLC purchased a new position in The Priceline Group during the second quarter valued at $112,000. Institutional investors own 95.01% 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.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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