Priceline Group Inc (NASDAQ:PCLN) – Oppenheimer decreased their Q4 2017 EPS estimates for shares of Priceline Group in a report issued on Tuesday. Oppenheimer analyst J. Kelly now anticipates that the business services provider will earn $13.95 per share for the quarter, down from their previous forecast of $13.98. Oppenheimer currently has a “Outperform” rating and a $2,100.00 target price on the stock. Oppenheimer also issued estimates for Priceline Group’s Q1 2018 earnings at $9.81 EPS, Q2 2018 earnings at $15.79 EPS, Q3 2018 earnings at $41.50 EPS, Q4 2018 earnings at $16.82 EPS and FY2019 earnings at $94.18 EPS.
PCLN has been the topic of several other research reports. Barclays reiterated a “buy” rating and set a $2,150.00 target price 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 target price on shares of Priceline Group in a report on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and set a $2,200.00 target price on shares of Priceline Group in a report on Wednesday, October 4th. Zacks Investment Research lowered Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Deutsche Bank reiterated a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Priceline Group currently has a consensus rating of “Buy” and a consensus price target of $2,010.80.
Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the company posted $29.69 earnings per share. Priceline Group’s revenue was up 20.1% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of PCLN. Harvest Fund Management Co. Ltd acquired a new stake in Priceline Group during the second quarter worth approximately $101,000. Horan Capital Advisors LLC. acquired a new stake in Priceline Group during the third quarter worth approximately $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in Priceline Group during the second quarter worth approximately $133,000. TCI Wealth Advisors Inc. grew its position in Priceline Group by 8.7% during the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after buying an additional 6 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Priceline Group during the second quarter worth approximately $187,000. 94.39% of the stock is currently owned by institutional investors.
In other news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the completion of the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock worth $2,781,444 in the last ninety days. 0.24% of the stock is owned by company insiders.
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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