The Priceline Group Inc. (NASDAQ:PCLN) has earned a consensus rating of “Buy” from the thirty-four research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1,943.65.

A number of research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. MKM Partners reiterated a “buy” rating and issued a $2,225.00 price objective (up from $2,050.00) on shares of The Priceline Group in a research report on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of The Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.

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The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm posted $13.93 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year.

In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total value of $231,286.74. Following the sale, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,867 shares of company stock worth $5,382,925. 0.24% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in The Priceline Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after purchasing an additional 79,784 shares during the last quarter. Capital World Investors raised its holdings in The Priceline Group by 2.1% during the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after purchasing an additional 34,959 shares during the last quarter. Capital Research Global Investors raised its holdings in The Priceline Group by 7.1% during the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in The Priceline Group by 210,283.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in The Priceline Group by 6.4% during the 2nd quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock worth $1,613,834,000 after purchasing an additional 52,133 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for The Priceline Group (NASDAQ:PCLN)

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