Priceline Group (NASDAQ:PCLN) had its price objective lifted by equities researchers at Oppenheimer from $1,950.00 to $2,100.00 in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target points to a potential upside of 12.24% from the stock’s previous close.
PCLN has been the subject of a number of other research reports. Barclays restated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Wednesday, October 11th. Bank of America restated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and set a $2,200.00 target price on shares of Priceline Group in a research report on Wednesday, October 4th. Zacks Investment Research cut Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank reiterated a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $2,008.62.
Priceline Group (PCLN) opened at $1,870.99 on Tuesday. 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 firm has a market capitalization of $91,700.00, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.28 and a beta of 1.39. Priceline Group has a 1-year low of $1,516.00 and a 1-year high of $2,067.99.
In other news, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the business’s 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 transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last three months, insiders sold 1,567 shares of company stock valued at $2,781,444. Insiders own 0.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in shares of Priceline Group by 0.8% in the third quarter. Quadrant Capital Group LLC now owns 129 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 1 shares in the last quarter. Bangor Savings Bank grew its position in shares of Priceline Group by 0.3% in the second quarter. Bangor Savings Bank now owns 727 shares of the business services provider’s stock valued at $908,000 after purchasing an additional 2 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Priceline Group by 1.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 106 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2 shares in the last quarter. BKD Wealth Advisors LLC grew its position in shares of Priceline Group by 1.3% in the first quarter. BKD Wealth Advisors LLC now owns 151 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 2 shares in the last quarter. Finally, Well Done LLC grew its position in shares of Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 2 shares in the last quarter. 94.39% of the stock is owned by institutional investors.
About 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.
