Traders Buy High Volume of priceline.com Put Options (PCLN)
Shares of priceline.com (NASDAQ:PCLN) was the recipient of some unusual options trading on Tuesday. Traders acquired 36,965 put options on the company, Analyst Ratings Net reports. This represents an increase of 114% compared to the average volume of 17,270 put options.
A number of analysts have recently weighed in on PCLN shares. Analysts at TheStreet reiterated a “buy” rating on shares of priceline.com in a research note to investors on Tuesday. Separately, analysts at Ned Davis Research upgraded shares of priceline.com from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. priceline.com currently has a consensus rating of “Buy” and a consensus target price of $1,062.06.
Shares of priceline.com (NASDAQ:PCLN) opened at 998.13 on Wednesday. priceline.com has a one year low of $553.97 and a one year high of $1074.89. The stock’s 50-day moving average is $982.3 and its 200-day moving average is $853.3. The company has a market cap of $51.404 billion and a P/E ratio of 32.82.
priceline.com (NASDAQ:PCLN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $9.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $7.85 earnings per share. priceline.com’s revenue was up 26.7% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.