Priceline Group Inc (NASDAQ:PCLN) has earned an average rating of “Buy” from the thirty-three brokerages that are currently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $1,997.31.

A number of equities analysts have recently weighed in on PCLN shares. Deutsche Bank reissued a “hold” rating and issued a $2,050.00 price target on shares of Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies reissued an “overweight” rating and issued a $2,000.00 price target on shares of Priceline Group in a report on Tuesday, November 7th. Barclays reiterated a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a research note on Wednesday, October 11th. Stifel Nicolaus dropped their target price on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, MKM Partners lowered Priceline Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $2,225.00 to $1,850.00 in a research note on Thursday, December 7th.

In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 5,310 shares of the company’s stock, valued at approximately $9,414,311.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,445 shares of company stock valued at $2,544,764. 0.24% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of Priceline Group in the second quarter worth about $101,000. Horan Capital Advisors LLC. purchased a new stake in shares of Priceline Group in the third quarter worth about $103,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Priceline Group in the second quarter worth about $133,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Priceline Group in the second quarter worth about $187,000. Finally, Fieldpoint Private Securities LLC boosted its position in shares of Priceline Group by 626.7% in the third quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after buying an additional 94 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Priceline Group (NASDAQ PCLN) opened at $1,919.40 on Tuesday. Priceline Group has a 1-year low of $1,528.01 and a 1-year high of $2,067.99. The firm has a market capitalization of $94,160.00, a price-to-earnings ratio of 26.89, a PEG ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the firm posted $29.69 earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities research analysts anticipate that Priceline Group will post 74.41 EPS for the current year.

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Priceline Group Company Profile

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 Priceline Group (NASDAQ:PCLN)

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