The Priceline Group (NASDAQ:PCLN) was downgraded by equities research analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports. They currently have a $1,850.00 price target on the business services provider’s stock, down from their prior price target of $2,225.00. MKM Partners’ target price would suggest a potential upside of 7.58% from the stock’s current price.

PCLN has been the topic of a number of other research reports. Barclays reiterated a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS reiterated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America reiterated a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and set a $2,200.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Deutsche Bank reiterated a “hold” rating and set a $2,050.00 price objective on shares of The Priceline Group in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,998.66.

The Priceline Group (NASDAQ:PCLN) traded up $0.58 on Thursday, hitting $1,719.62. 504,224 shares of the stock were exchanged, compared to its average volume of 458,589. The stock has a market capitalization of $84,121.60, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.37 and a beta of 1.40. The Priceline Group has a 12 month low of $1,459.49 and a 12 month high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $29.69 earnings per share. analysts forecast that The Priceline Group will post 74.42 earnings per share for the current year.

In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of The Priceline Group stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock valued at $2,790,353 in the last three months. Corporate insiders own 0.24% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Harding Loevner LP lifted its stake in The Priceline Group by 2,593.1% in the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after buying an additional 5,058,945 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after buying an additional 977,817 shares during the last quarter. Janus Henderson Group PLC lifted its stake in The Priceline Group by 654.1% in the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after buying an additional 557,358 shares during the last quarter. Capital Research Global Investors lifted its stake in The Priceline Group by 7.1% in the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after buying an additional 108,187 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in The Priceline Group in the third quarter valued at $174,056,000. 94.68% of the stock is owned by hedge funds and other institutional investors.

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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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