The Priceline Group Inc. (NASDAQ:PCLN) – Equities research analysts at SunTrust Banks issued their Q3 2017 earnings per share estimates for The Priceline Group in a research report issued on Tuesday. SunTrust Banks analyst N. Khan anticipates that the business services provider will earn $34.08 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $2,200.00 target price on the stock. SunTrust Banks also issued estimates for The Priceline Group’s Q4 2017 earnings at $15.29 EPS, FY2017 earnings at $74.42 EPS, FY2018 earnings at $86.51 EPS, FY2019 earnings at $100.91 EPS, FY2020 earnings at $117.26 EPS and FY2021 earnings at $135.70 EPS.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Research Analysts Issue Forecasts for The Priceline Group Inc.’s Q3 2017 Earnings (PCLN)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/18/research-analysts-issue-forecasts-for-the-priceline-group-inc-s-q3-2017-earnings-pcln.html.

A number of other research firms also recently commented on PCLN. Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “hold” rating and set a $1,850.00 price objective on shares of The Priceline Group in a report on Wednesday, August 9th. Royal Bank Of Canada raised their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $2,075.00 price objective (up from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Finally, Macquarie raised their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and an average price target of $1,924.32.

Shares of The Priceline Group (NASDAQ PCLN) opened at 1812.97 on Friday. The company has a market cap of $88.94 billion, a P/E ratio of 38.51 and a beta of 1.42. The company’s 50 day moving average is $1,948.18 and its 200-day moving average is $1,817.51. The Priceline Group has a 12 month low of $1,402.67 and a 12 month high of $2,067.99.

In other news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the sale, the director now owns 346 shares in the company, valued at approximately $642,753.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,367 shares of company stock valued at $8,166,685. 0.42% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of PCLN. Mn Services Vermogensbeheer B.V. boosted its position in shares of The Priceline Group by 2.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,316 shares of the business services provider’s stock worth $2,190,000 after buying an additional 32 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of The Priceline Group by 32.8% in the first quarter. Nationwide Fund Advisors now owns 51,216 shares of the business services provider’s stock worth $91,163,000 after buying an additional 12,638 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock worth $368,000 after buying an additional 5 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of The Priceline Group by 17.9% in the first quarter. Retirement Systems of Alabama now owns 42,067 shares of the business services provider’s stock worth $74,878,000 after buying an additional 6,379 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of The Priceline Group during the first quarter worth about $240,000. Institutional investors own 95.22% of the company’s stock.

About The Priceline Group

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.

Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

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 MarketBeat.com's FREE daily email newsletter.