Several brokerages have updated their recommendations and price targets on shares of The Priceline Group (NASDAQ: PCLN) in the last few weeks:

  • 8/10/2017 – The Priceline Group had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $2,200.00 price target on the stock, up previously from $2,150.00.
  • 8/10/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $2,300.00 price target on the stock, up previously from $2,250.00.
  • 8/10/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $2,100.00 price target on the stock.
  • 8/10/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $2,100.00 price target on the stock.
  • 8/9/2017 – The Priceline Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $2,070.00 price target on the stock, down previously from $2,150.00.
  • 8/9/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 8/9/2017 – The Priceline Group had its price target raised by analysts at Macquarie from $2,000.00 to $2,200.00. They now have a “positive” rating on the stock.
  • 8/9/2017 – The Priceline Group had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $2,075.00 price target on the stock, up previously from $1,950.00.
  • 8/9/2017 – The Priceline Group had its price target raised by analysts at Royal Bank Of Canada from $2,000.00 to $2,050.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – The Priceline Group had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $1,850.00 price target on the stock.
  • 8/9/2017 – The Priceline Group had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 8/4/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $2,250.00 price target on the stock. They wrote, “PCLN reported a strong qtr but that was not enough and stock declined 6% after the close. Conservative guidance, as usual, did not help either. While gross bookings did not beat high end of guidance for the 1st time in 11 qtrs, we don’t think PCLN’s fundamentals have changed. With gross bookings up 16% Y/Y (vs EXPE’s +12%), PCLN keeps gaining market share. We see any pullback in the stock as a buying opportunity. We maintain our Buy and raise PT to $2,300. PCLN reported a strong qtr with rev up 18% Y/Y to $3.02B vs. cons ests of $2.99B. Adj EBITDA of $974MM was ahead of Street ests of $927MM and guidance of $860-905MM. Non-GAAP EPS of $15.14 easily beat Street’s $14.20 and guidance of $13.30-$14.00. Gross bookings hit $20.80B in Q2 (+16% Y/Y / +19% ex-FX), slightly below cons ests of $21.06B but close to the high end of guidance. We believe this was a fluke and not a sign of fundamental changes. Adj EBITDA margin improved 40bps and remains 2x+ EXPE’s. Agency bookings at $17.95B were slightly below Street’s $18.17B, while Merchant bookings of $2.85B came in slightly above cons at $2.80B. Bookings growth was driven by 21% Y/Y growth in hotel room nights and 12% Y/Y growth in rental car days, offsetting 9% decline in air tickets.””
  • 8/1/2017 – The Priceline Group was given a new $2,150.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/28/2017 – The Priceline Group had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $110.00 price target on the stock, down previously from $2,150.00.
  • 7/18/2017 – The Priceline Group had its price target raised by analysts at Morgan Stanley from $1,950.00 to $2,100.00. They now have an “overweight” rating on the stock.
  • 7/11/2017 – The Priceline Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Priceline.com is one of the leading online travel companies in the world.  The company reported strong first quarter results. Over the last one year, the stock has underperformed the Zacks characterized Electronic Commerce industry. Both agency and merchant businesses showed strong momentum. The secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs.”
  • 7/1/2017 – The Priceline Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/21/2017 – The Priceline Group had its “buy” rating reaffirmed by analysts at Needham & Company LLC.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1849.62 on Friday. The stock has a market capitalization of $90.73 billion, a PE ratio of 39.28 and a beta of 1.42. The Priceline Group Inc. has a 52-week low of $1,392.44 and a 52-week high of $2,067.99. The company’s 50 day moving average price is $1,951.16 and its 200 day moving average price is $1,807.68. The Priceline Group also saw some unusual options trading on Tuesday. Investors purchased 15,301 put options on the stock. This is an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company posted $13.93 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Priceline Group Inc. will post $74.80 EPS for the current year.

In related news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the transaction, the director now directly owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock worth $3,245,648 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

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.

Receive News & Ratings for The Priceline Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.