The Priceline Group Inc. to Post Q4 2017 Earnings of $16.47 Per Share, Jefferies Group Forecasts (PCLN)

The Priceline Group Inc. (NASDAQ:PCLN) – Stock analysts at Jefferies Group lowered their Q4 2017 earnings per share estimates for The Priceline Group in a research note issued to investors on Wednesday. Jefferies Group analyst B. Fitzgerald now expects that the business services provider will post earnings per share of $16.47 for the quarter, down from their previous forecast of $16.58. Jefferies Group currently has a “Buy” rating and a $2,300.00 target price on the stock.

A number of other equities analysts have also recently issued reports on PCLN. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $2,000.00 price objective (up from $1,860.00) on shares of The Priceline Group in a research note on Thursday, April 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,850.00 price objective on shares of The Priceline Group in a research note on Monday, April 17th. Macquarie set a $1,970.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research note on Tuesday, April 18th. Cowen and Company raised their price objective on shares of The Priceline Group from $1,850.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Finally, Credit Suisse Group raised their price objective on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,907.63.

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The Priceline Group (NASDAQ PCLN) traded down 1.73% on Thursday, hitting $1873.82. The company’s stock had a trading volume of 202,026 shares. The Priceline Group has a 1-year low of $1,392.44 and a 1-year high of $2,067.99. The company has a 50 day moving average price of $1,951.68 and a 200-day moving average price of $1,807.38. The company has a market capitalization of $91.92 billion, a P/E ratio of 39.80 and a beta of 1.42. The Priceline Group also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 15,301 put options on the company. This is an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 34.28% and a net margin of 20.51%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.93 earnings per share.

Several hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of The Priceline Group by 24.1% in the second quarter. Private Advisor Group LLC now owns 875 shares of the business services provider’s stock valued at $1,681,000 after buying an additional 170 shares during the last quarter. Tredje AP fonden increased its stake in shares of The Priceline Group by 4.9% in the second quarter. Tredje AP fonden now owns 5,940 shares of the business services provider’s stock valued at $11,111,000 after buying an additional 280 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of The Priceline Group by 49.0% in the second quarter. Schroder Investment Management Group now owns 127,459 shares of the business services provider’s stock valued at $239,239,000 after buying an additional 41,903 shares during the last quarter. WESPAC Advisors LLC bought a new stake in shares of The Priceline Group during the second quarter valued at approximately $299,000. Finally, Gareth Morgan Investments Limited Partnership increased its stake in shares of The Priceline Group by 57.1% in the second quarter. Gareth Morgan Investments Limited Partnership now owns 5,186 shares of the business services provider’s stock valued at $9,701,000 after buying an additional 1,884 shares during the last quarter. 95.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the sale, the chief executive officer now owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the sale, the director now directly owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock valued at $3,245,648 in the last ninety days. 0.42% of the stock is currently owned by insiders.

The Priceline Group Company Profile

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.

Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

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