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Shares of Priceline.com (NASDAQ:PCLN) saw unusually-high trading volume on Thursday following a stronger than expected earnings report, StockRatingsNetwork reports. Approximately 1,819,207 shares changed hands during trading, an increase of 67% from the previous session’s volume of 1,088,107 shares.The stock last traded at $1,138.37 and had previously closed at $1,131.74.

The company reported $7.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.91 by $0.90. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $5.76 earnings per share. Priceline.com’s revenue was up 26.1% compared to the same quarter last year.

PCLN has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Priceline.com from an “outperform” rating to a “strong-buy” rating in a research note on Thursday. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Priceline.com in a research note on Wednesday, March 19th. They now have a $1,500.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Priceline.com in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,335.81.

The stock’s 50-day moving average is $1200. and its 200-day moving average is $1189.. The company has a market cap of $57.773 billion and a price-to-earnings ratio of 31.34. Priceline.com also was the recipient of unusually large options trading activity on Thursday. Traders acquired 50,623 call options on the stock. This is an increase of 224% compared to the average volume of 15,639 call options.

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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