The Priceline Group Inc. (NASDAQ:PCLN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $32.40-34.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $34.17.
The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.16% on Friday, reaching $1810.00. 486,075 shares of the company’s stock traded hands. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99. The firm’s 50-day moving average is $1,946.27 and its 200 day moving average is $1,818.99. The stock has a market capitalization of $88.80 billion, a PE ratio of 38.44 and a beta of 1.42.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company earned $13.93 EPS. The Priceline Group’s revenue was up 18.3% on a year-over-year basis. Analysts forecast that The Priceline Group Inc. will post $74.77 EPS for the current year.
Several brokerages have recently commented on PCLN. Credit Suisse Group reiterated an outperform rating and set a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Needham & Company LLC restated a buy rating on shares of The Priceline Group in a report on Wednesday, June 21st. MKM Partners reaffirmed a buy rating and issued a $2,050.00 price target (up previously from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. Stifel Nicolaus reaffirmed a buy rating and set a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Deutsche Bank AG upped their price objective on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the company a hold rating in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $1,924.32.
In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,367 shares of company stock valued at $8,166,685. 0.42% of the stock is owned by company insiders.
The 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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