Priceline Group Inc (NASDAQ:PCLN) – SunTrust Banks issued their FY2022 earnings per share (EPS) estimates for shares of Priceline Group in a report released on Friday. SunTrust Banks analyst N. Khan anticipates that the business services provider will post earnings of $138.60 per share for the year. SunTrust Banks has a “Buy” rating and a $2,200.00 price target on the stock.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $29.69 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Oppenheimer boosted their price target on Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Vetr cut Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a research report on Monday, January 8th. BidaskClub upgraded Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Finally, MKM Partners cut Priceline Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $2,225.00 to $1,850.00 in a research report on Thursday, December 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,010.80.

Shares of Priceline Group (NASDAQ:PCLN) traded up $26.30 during mid-day trading on Monday, reaching $1,919.40. The company had a trading volume of 555,200 shares, compared to its average volume of 454,789. The firm has a market cap of $94,160.00, a PE ratio of 26.89, a PEG ratio of 1.43 and a beta of 1.39. Priceline Group has a 1 year low of $1,528.01 and a 1 year 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.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. increased its holdings in Priceline Group by 8.7% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 6 shares in the last quarter. Optimum Investment Advisors boosted its position in Priceline Group by 1.8% in the 2nd quarter. Optimum Investment Advisors now owns 553 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 10 shares during the last quarter. Covington Capital Management boosted its position in Priceline Group by 1.2% in the 2nd quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock valued at $1,605,000 after buying an additional 10 shares during the last quarter. Bancorpsouth Inc. boosted its position in Priceline Group by 13.3% in the 2nd quarter. Bancorpsouth Inc. now owns 128 shares of the business services provider’s stock valued at $240,000 after buying an additional 15 shares during the last quarter. Finally, Comerica Securities Inc. boosted its position in Priceline Group by 3.2% in the 2nd quarter. Comerica Securities Inc. now owns 636 shares of the business services provider’s stock valued at $1,190,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

In related news, Director Jan L. Docter sold 1,200 shares of the stock in a transaction on Wednesday, November 22nd. The stock was 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 directly owns 142 shares in the company, valued at approximately $250,561.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at $9,414,311.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,445 shares of company stock valued at $2,544,764. Insiders own 0.24% of the company’s stock.

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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.

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