FY2018 Earnings Estimate for Priceline Group Inc (PCLN) Issued By Oppenheimer
Priceline Group Inc (NASDAQ:PCLN) – Oppenheimer raised their FY2018 earnings per share (EPS) estimates for shares of Priceline Group in a research note issued on Tuesday. Oppenheimer analyst J. Kelly now anticipates 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 has a “Outperform” rating and a $2,100.00 price objective on the stock. Oppenheimer also issued estimates for Priceline Group’s FY2020 earnings at $104.39 EPS.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks raised their price objective on Priceline Group to $2,200.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,000.00 price objective (down previously from $2,070.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Citigroup reaffirmed a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Priceline Group in a research report on Tuesday, November 7th. Eleven research 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. Priceline Group presently has a consensus rating of “Buy” and an average price target of $2,010.80.
Priceline Group (PCLN) traded up $20.19 during mid-day trading on Thursday, reaching $1,893.10. The company had a trading volume of 385,800 shares, compared to its average volume of 442,237. Priceline Group has a one year low of $1,516.00 and a one year high of $2,067.99. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. 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.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $34.31 by $0.91. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company earned $29.69 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.
In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total value of $216,298.68. Following the transaction, the chief executive officer now directly owns 5,310 shares in the company, valued at approximately $9,414,311.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 1,200 shares of the firm’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 completion of the transaction, the director now owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. In the last three months, insiders 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 have recently added to or reduced their stakes in PCLN. Harding Loevner LP lifted its position in Priceline Group by 2,593.1% during the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after purchasing an additional 5,058,945 shares in the last quarter. Vanguard Group Inc. lifted its position in Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after purchasing an additional 79,784 shares in the last quarter. Capital World Investors lifted its position in Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after purchasing an additional 34,959 shares in the last quarter. Capital Research Global Investors lifted its position in Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Priceline Group by 654.1% during the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after purchasing an additional 557,358 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.
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.
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