Barclays Maintains Priceline Group Inc to Overweight

Brokerage firm Barclays Maintains its rating on Priceline Group Inc(NASDAQ:PCLN). In a research note issued to the investors, the brokerage major Raises the price-target to $1.55K per share. The shares have been rated Overweight. The rating by Barclays was issued on Aug 5, 2016.

In a different note, On Jun 30, 2016, Morgan Stanley said it Upgrades its rating on Priceline Group Inc. The shares have been rated ‘Overweight’ by the firm. On Jun 22, 2016, Barclays said it Upgrades its rating on Priceline Group Inc. The shares have been rated ‘Overweight’ by the firm. On May 13, 2016, Barclays said it Maintains its rating on Priceline Group Inc. The shares have been rated ‘Equalweight’ by the firm.

Priceline Group Inc (PCLN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.32% or 18.54 points. Due to strong positive momentum, the stock ended at $1427.2, which is also near the day’s high of $1429.27. The stock began the session at $1408.66 and the volume stood at 4,79,748 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 $70,542 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 2, 2016, Jeffery H Boyd (Interim CEO & President) sold 3,000 shares at $1,354.01 per share price.Also, On Jul 19, 2016, Gillian Tans (President & CEO, sold 131 shares at $1,327.89 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 Company’s brands include KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website 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.

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