Investment Analysts’ Recent Ratings Changes for Priceline Group (PCLN)

Priceline Group (NASDAQ: PCLN) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2018 – Priceline Group was upgraded by analysts at Credit Suisse Group AG to a “buy” rating.
  • 1/30/2018 – Priceline Group was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $2,000.67 price target on the stock.
  • 1/30/2018 – Priceline Group had its price target raised by analysts at Wells Fargo & Co from $1,800.00 to $1,850.00. They now have a “market perform” rating on the stock.
  • 1/24/2018 – Priceline Group had its price target raised by analysts at JMP Securities from $1,950.00 to $2,100.00. They now have an “outperform” rating on the stock.
  • 1/23/2018 – Priceline Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/12/2018 – Priceline Group had its price target raised by analysts at SunTrust Banks, Inc. to $2,200.00. They now have a “buy” rating on the stock.
  • 1/10/2018 – Priceline Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Priceline.com is benefiting from continued momentum in both agency and merchant businesses. Room nights and Rental cars have performed impressively. We remain positive about the secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs and airline tickets, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs. Over the last 12-month period, the stock has underperformed the industry it belongs to.”
  • 1/9/2018 – Priceline Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $2,074.00 price target on the stock. According to Zacks, “Priceline.com is benefiting from continued momentum in both agency and merchant businesses. Room nights and Rental cars have performed impressively. We remain positive about the secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs and airline tickets, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs. Over the last 12-month period, the stock has underperformed the industry it belongs to.”
  • 1/9/2018 – Priceline Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $1,950.00 to $2,100.00. They now have an “outperform” rating on the stock.
  • 1/8/2018 – Priceline Group was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $1,915.34 price target on the stock.
  • 1/2/2018 – Priceline Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Priceline.com is benefiting from continued momentum in both agency and merchant businesses. Room nights and Rental cars have performed impressively. We remain positive about the secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs and airline tickets, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs. Over the last one year, the stock has underperformed the industry it belongs to.”
  • 12/21/2017 – Priceline Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Priceline Group Inc (NASDAQ:PCLN) traded down $8.50 on Monday, hitting $1,756.50. The stock had a trading volume of 93,928 shares, compared to its average volume of 477,135. Priceline Group Inc has a fifty-two week low of $1,612.41 and a fifty-two week high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The company has a market cap of $86,078.23, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38.

In related news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the completion of the sale, the chief executive officer now directly owns 5,188 shares in the company, valued at approximately $10,016,523.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s 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 sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock worth $2,780,310 in the last three months. Corporate insiders own 0.24% of the company’s stock.

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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