Priceline Group Inc (PCLN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Priceline Group Inc (NASDAQ:PCLN) have been assigned an average rating of “Buy” from the thirty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $2,014.62.

PCLN has been the topic of a number of recent analyst reports. Credit Suisse Group raised shares of Priceline Group to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Deutsche Bank restated a “hold” rating and issued a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, October 24th. Royal Bank of Canada upped their target price on shares of Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, JMP Securities upped their target price on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th.

In other news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on 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 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 firm’s stock in a transaction on 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 approximately $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,567 shares of company stock valued at $2,780,310. 0.24% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Covington Capital Management lifted its stake in shares of Priceline Group by 1.2% in the 2nd quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock worth $1,605,000 after acquiring an additional 10 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Priceline Group by 3.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 778 shares of the business services provider’s stock worth $1,352,000 after acquiring an additional 27 shares during the period. GWM Advisors LLC lifted its stake in shares of Priceline Group by 10.8% in the 4th quarter. GWM Advisors LLC now owns 288 shares of the business services provider’s stock worth $533,000 after acquiring an additional 28 shares during the period. Advantus Capital Management Inc lifted its stake in shares of Priceline Group by 0.6% in the 3rd quarter. Advantus Capital Management Inc now owns 5,038 shares of the business services provider’s stock worth $9,224,000 after acquiring an additional 29 shares during the period. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Priceline Group by 5.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 598 shares of the business services provider’s stock worth $1,039,000 after acquiring an additional 29 shares during the period. Institutional investors own 93.97% of the company’s stock.

Shares of Priceline Group (PCLN) opened at $1,765.00 on Friday. Priceline Group has a 52-week low of $1,612.41 and a 52-week 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. The company has a market cap of $88,080.72, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.38.

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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.

Analyst Recommendations for Priceline Group (NASDAQ:PCLN)

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