Brokerage firm Evercore ISI Group Upgrades its rating on Priceline Group Inc(NASDAQ:PCLN). In a research note issued to the investors, the brokerage major Raises the price-target to $1.65K per share. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Evercore ISI Group was issued on Aug 18, 2016.
In a different note, On Aug 5, 2016, UBS said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Goldman Sachs said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Overweight’ by the firm. On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Hold’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Overweight’ by the firm. On Jun 30, 2016, Morgan Stanley said it Upgrades its rating on Priceline Group Inc. The shares have been rated ‘Overweight’ by the firm.
Priceline Group Inc (PCLN) made into the market gainers list on Mondays trading session with the shares advancing 0.38% or 5.4 points. Due to strong positive momentum, the stock ended at $1425.19, which is also near the day’s high of $1433.97. The stock began the session at $1423 and the volume stood at 3,16,637 shares. The 52-week high of the shares is $1476.515 and the 52 week low is $954.02. The company has a current market capitalization of $70,443 M and it has 4,94,26,956 shares in outstanding.
Priceline Group Inc(PCLN) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.56B. Analysts had an estimated revenue of $2.58B. Earnings per share were $13.93. Analysts had estimated an EPS of $12.69.
Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Gillian Tans (President & CEO, Booking.com) sold 131 shares at $1,408.00 per share price.Also, On Aug 2, 2016, Jeffery H Boyd (Interim CEO & President) sold 3,000 shares at $1,354.01 per share price.On Mar 18, 2016, Daniel J Finnegan (Chief Financial Officer) sold 5,871 shares at $1,341.93 per share price, according to the Form-4 filing with the securities and exchange commission.
The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world. The Companys brands include Booking.com KAYAK agoda.com rentalcars.com and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its Booking.com priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.