The Priceline Group (NASDAQ:PCLN) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

PCLN has been the topic of a number of other research reports. KeyCorp reissued a “hold” rating on shares of The Priceline Group in a research report on Thursday, November 16th. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS reissued an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Royal Bank of Canada increased their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2,000.00 price target (down previously from $2,200.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and an average price target of $2,002.06.

The Priceline Group (NASDAQ PCLN) traded down $4.32 on Tuesday, hitting $1,715.52. The stock had a trading volume of 325,600 shares, compared to its average volume of 457,724. The Priceline Group has a fifty-two week low of $1,459.49 and a fifty-two week high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The company has a market cap of $83,875.80, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.

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

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the completion of the sale, the chief executive officer now directly owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction dated 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 sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,567 shares of company stock worth $2,790,353. 0.24% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in The Priceline Group in the second quarter valued at about $101,000. Horan Capital Advisors LLC. purchased a new stake in The Priceline Group in the third quarter valued at about $103,000. Shine Investment Advisory Services Inc. purchased a new stake in The Priceline Group in the second quarter valued at about $105,000. Mountain Capital Investment Advisors Inc purchased a new stake in The Priceline Group in the second quarter valued at about $133,000. Finally, TCI Wealth Advisors Inc. raised its stake in The Priceline Group by 8.7% in the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after buying an additional 6 shares during the last quarter. Institutional investors own 94.68% of the company’s stock.

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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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