Priceline Group Inc (PCLN) Receives Average Rating of “Buy” from Brokerages

Shares of Priceline Group Inc (NASDAQ:PCLN) have earned an average rating of “Buy” from the thirty-three research firms that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $2,014.62.

A number of equities analysts have commented on PCLN shares. Credit Suisse Group upgraded shares of Priceline Group to a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research lowered shares of Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and issued a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a report on Tuesday, November 7th. BidaskClub upgraded shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Finally, Vetr lowered shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price objective on the stock. in a report on Monday, January 8th.

Shares of Priceline Group (NASDAQ:PCLN) traded up $20.55 during mid-day trading on Friday, reaching $1,818.41. 452,300 shares of the company’s stock were exchanged, compared to its average volume of 493,387. Priceline Group has a 52-week low of $1,612.41 and a 52-week high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market cap of $90,890.00, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.33 and a beta of 1.38.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the completion of the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at approximately $9,414,311.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jan L. Docter sold 1,200 shares of the business’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 sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,444 shares of company stock valued at $2,569,269. Insiders own 0.24% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Horan Capital Advisors LLC. acquired a new position in Priceline Group during the 3rd quarter valued at about $103,000. Mountain Capital Investment Advisors Inc acquired a new position in Priceline Group during the 2nd quarter valued at about $133,000. SeaCrest Wealth Management LLC acquired a new position in Priceline Group during the 4th quarter valued at about $123,000. Truewealth LLC acquired a new position in Priceline Group during the 4th quarter valued at about $160,000. Finally, Prentiss Smith & Co. Inc. acquired a new position in Priceline Group during the 4th quarter valued at about $174,000. 93.87% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Priceline Group (NASDAQ:PCLN)

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