Priceline Group (PCLN) Rating Increased to Buy at Credit Suisse Group

Priceline Group (NASDAQ:PCLN) was upgraded by equities research analysts at Credit Suisse Group to a “buy” rating in a report issued on Wednesday.

PCLN has been the subject of several other research reports. KeyCorp restated a “hold” rating on shares of Priceline Group in a research note on Thursday, November 16th. BidaskClub downgraded Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Co increased their target price on Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Vetr upgraded Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 target price for the company in a research note on Tuesday, January 30th. Finally, SunTrust Banks increased their target price on Priceline Group to $2,200.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Priceline Group presently has a consensus rating of “Buy” and a consensus price target of $2,025.31.

Shares of Priceline Group (NASDAQ:PCLN) traded down $41.06 during trading hours on Wednesday, reaching $1,765.00. The company had a trading volume of 1,083,786 shares, compared to its average volume of 456,723. Priceline Group has a 1 year low of $1,612.41 and a 1 year high of $2,067.99. The company has a market cap of $86,079.05, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52.

In other news, Director Jan L. Docter sold 1,200 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gillian Tans sold 123 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,567 shares of company stock valued at $2,780,310. 0.24% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of PCLN. Horan Capital Advisors LLC. acquired a new stake in Priceline Group during the 3rd quarter valued at $103,000. SeaCrest Wealth Management LLC acquired a new stake in Priceline Group during the 4th quarter valued at $123,000. Mountain Capital Investment Advisors Inc acquired a new stake in Priceline Group during the 2nd quarter valued at $133,000. Crewe Advisors LLC acquired a new stake in Priceline Group during the 4th quarter valued at $176,000. Finally, Fieldpoint Private Securities LLC increased its holdings in Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 94 shares in the last quarter. 93.97% of the stock is owned by institutional investors and hedge funds.

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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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