Priceline Group (NASDAQ:PCLN) had its price target increased by research analysts at SunTrust Banks to $2,200.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 15.03% from the company’s current price.
PCLN has been the subject of a number of other research reports. Barclays reiterated a “buy” rating and set a $2,150.00 price objective on shares of Priceline Group in a report on Wednesday, October 11th. Bank of America reiterated a “buy” rating and set a $2,150.00 price objective on shares of Priceline Group in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Deutsche Bank reissued a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada raised 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 research report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $2,010.80.
Priceline Group (NASDAQ:PCLN) traded up $19.39 on Friday, reaching $1,912.49. 124,994 shares of the company traded hands, compared to its average volume of 396,524. The stock has a market capitalization of $93,870.00, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.39. Priceline Group has a 52 week low of $1,516.00 and a 52 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.
In related news, CEO Gillian Tans sold 123 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan L. Docter sold 1,200 shares of the 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 directly owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,567 shares of company stock valued at $2,781,444. Corporate insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd purchased a new stake in Priceline Group in the 2nd quarter valued at about $101,000. Horan Capital Advisors LLC. purchased a new stake in shares of Priceline Group during the 3rd quarter worth about $103,000. BlueMountain Capital Management LLC grew its holdings in shares of Priceline Group by 65.3% during the 1st quarter. BlueMountain Capital Management LLC now owns 81 shares of the business services provider’s stock worth $104,000 after purchasing an additional 32 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Priceline Group during the 2nd quarter worth about $105,000. Finally, Sunbelt Securities Inc. acquired a new position in Priceline Group during the 4th quarter worth approximately $106,000. 94.39% of the stock is owned by hedge funds and other institutional investors.
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.
