priceline.com Inc. Reaches New 12-Month High at $1,001.00 (PCLN)
Shares of priceline.com (NASDAQ:PCLN) hit a new 52-week high during trading hours on Wednesday, StockRatingsNetwork reports. The company traded as high as $1,001.00 and last traded at $995.42, with a volume of 639,807 shares trading hands. The stock had previously closed at $970.24.
PCLN has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Monday. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $981.56 price target on the stock.
Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. priceline.com currently has an average rating of “Buy” and an average price target of $1,062.06.
In other priceline.com news, Director Jeffrey E. Epstein sold 2,000 shares of priceline.com stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $971.38, for a total value of $1,942,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
priceline.com has a 52-week low of $553.97 and a 52-week high of $1001.00. The stock’s 50-day moving average is $946.6 and its 200-day moving average is $820.8. The company has a market cap of $51.247 billion and a price-to-earnings ratio of 31.90. priceline.com also was the recipient of unusually large options trading activity on Wednesday. Traders purchased 23,902 put options on the stock. This is an increase of 102% compared to the typical volume of 11,814 put options.
priceline.com (NASDAQ:PCLN) last released its earnings data on Thursday, August 8th. The company reported $9.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $9.37 by $0.33. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $7.85 earnings per share. The company’s quarterly revenue was up 26.7% on a year-over-year basis. On average, analysts predict that priceline.com will post $40.09 earnings per share for the current fiscal year.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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