Stock Traders Purchase Large Volume of priceline.com Call Options (PCLN)
Shares of priceline.com (NASDAQ:PCLN) saw unusually large options trading on Friday. Traders acquired 30,234 call options on the company, AnalystRatingsNetwork.com reports. This is an increase of approximately 170% compared to the typical volume of 11,211 call options.
In other priceline.com news, Director Jeffrey Epstein unloaded 2,000 shares of the company’s 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. Following the completion of the transaction, the director now directly owns 9,181 shares in the company, valued at approximately $8,918,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of priceline.com (NASDAQ:PCLN) in a research note to investors on Monday, September 16th. 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 analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. priceline.com currently has a consensus rating of “Buy” and an average price target of $1,062.06.
priceline.com (NASDAQ:PCLN) opened at 1003.01 on Monday. priceline.com has a 52 week low of $553.97 and a 52 week high of $1007.15. The stock has a 50-day moving average of $953. and a 200-day moving average of $824.2. The company has a market cap of $51.655 billion and a price-to-earnings ratio of 32.98.
priceline.com (NASDAQ:PCLN) last issued its quarterly 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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