FY2018 Earnings Estimate for Priceline Group Inc (PCLN) Issued By Oppenheimer

Priceline Group Inc (NASDAQ:PCLN) – Analysts at Oppenheimer raised their FY2018 earnings estimates for shares of Priceline Group in a research report issued to clients and investors on Tuesday. Oppenheimer analyst J. Kelly now forecasts that the business services provider will post earnings of $83.86 per share for the year, up from their previous estimate of $83.35. Oppenheimer currently has a “Outperform” rating and a $2,100.00 target price on the stock. Oppenheimer also issued estimates for Priceline Group’s FY2020 earnings at $104.39 EPS.

Several other equities research analysts have also issued reports on the stock. SunTrust Banks boosted their price target on shares of Priceline Group to $2,200.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Vetr downgraded shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 target price on the stock. in a research note on Monday. BidaskClub upgraded shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Finally, MKM Partners downgraded shares of Priceline Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $2,225.00 to $1,850.00 in a research note on Thursday, December 7th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,010.80.

Shares of Priceline Group (NASDAQ:PCLN) traded up $20.19 during trading on Thursday, reaching $1,893.10. 385,800 shares of the company’s stock traded hands, compared to its average volume of 442,237. The company has a market cap of $94,160.00, a price-to-earnings ratio of 26.53, a PEG ratio of 1.28 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group has a 12-month low of $1,516.00 and a 12-month high of $2,067.99.

Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $29.69 EPS.

In related news, Director Jan L. Docter sold 1,200 shares of the company’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 transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,567 shares of company stock worth $2,781,444. 0.24% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Addenda Capital Inc. raised its holdings in Priceline Group by 4.8% during the 4th quarter. Addenda Capital Inc. now owns 4,150 shares of the business services provider’s stock worth $7,211,000 after purchasing an additional 190 shares during the last quarter. Daiwa SB Investments Ltd. raised its holdings in Priceline Group by 48.8% during the 4th quarter. Daiwa SB Investments Ltd. now owns 610 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 200 shares during the last quarter. DnB Asset Management AS raised its holdings in Priceline Group by 174.6% during the 4th quarter. DnB Asset Management AS now owns 65,334 shares of the business services provider’s stock worth $113,534,000 after purchasing an additional 41,545 shares during the last quarter. Capital Investment Services of America Inc. raised its holdings in Priceline Group by 1.7% during the 4th quarter. Capital Investment Services of America Inc. now owns 4,980 shares of the business services provider’s stock worth $8,654,000 after purchasing an additional 81 shares during the last quarter. Finally, Progressive Investment Management Corp raised its holdings in Priceline Group by 4.3% during the 4th quarter. Progressive Investment Management Corp now owns 2,109 shares of the business services provider’s stock worth $3,665,000 after purchasing an additional 87 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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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.

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