Priceline Group Inc (NASDAQ:PCLN) – Stock analysts at KeyCorp increased their FY2017 earnings per share estimates for Priceline Group in a research note issued to investors on Thursday. KeyCorp analyst B. Erickson now expects that the business services provider will post earnings per share of $74.03 for the year, up from their previous forecast of $73.63. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Priceline Group’s Q3 2018 earnings at $41.27 EPS and FY2019 earnings at $92.44 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group reiterated an “outperform” rating and issued a $2,000.00 price target (down from $2,070.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup reiterated a “buy” rating and issued a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and issued a $1,950.00 price target (down from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Priceline Group in a research note on Tuesday, November 7th. Eleven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $2,022.47.
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 consensus estimate of $34.31 by $0.91. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business earned $29.69 EPS. The company’s revenue was up 20.1% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Welch & Forbes LLC boosted its holdings in Priceline Group by 2.0% in the 4th quarter. Welch & Forbes LLC now owns 13,703 shares of the business services provider’s stock valued at $23,811,000 after purchasing an additional 274 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Priceline Group by 8.8% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,329 shares of the business services provider’s stock valued at $2,309,000 after purchasing an additional 108 shares during the period. Parsec Financial Management Inc. boosted its holdings in Priceline Group by 1.2% in the 4th quarter. Parsec Financial Management Inc. now owns 4,701 shares of the business services provider’s stock valued at $8,169,000 after purchasing an additional 58 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Priceline Group in the 4th quarter valued at about $5,570,000. Finally, Beese Fulmer Investment Management Inc. boosted its holdings in Priceline Group by 9.7% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,782 shares of the business services provider’s stock valued at $3,097,000 after purchasing an additional 158 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.
In other Priceline Group news, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $2,117,424.00. Following the completion of the sale, 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. Insiders have sold a total of 1,567 shares of company stock valued at $2,780,310 in the last ninety days. 0.24% of the stock is currently owned by insiders.
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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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