Priceline Group nets $720.2 million in second quarter, beating estimates

Priceline Keeps Growing but Guidance Again Disappoints

The firm owned 1,014 shares of the business services provider's stock after selling 619 shares during the period. It is negative, as 69 investors sold Priceline Group Inc shares while 331 reduced holdings. Caisse De Depot Et Placement Du Quebec has invested 0.02% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). Vanguard Group Inc. raised its position in The Priceline Group by 3.0% in the first quarter. Puplava Financial Services Inc. now owns 192 shares of the business services provider's stock worth $342,000 after buying an additional 5 shares in the last quarter. Bragg Advisors holds 0.23% of its portfolio in Priceline Group Inc (NASDAQ:PCLN) for 945 shares. Assetmark Inc. now owns 63 shares of the business services provider's stock worth $112,000 after buying an additional 7 shares during the last quarter. Neuberger Berman Lc has 0.04% invested in Priceline Group Inc (NASDAQ:PCLN). The stock declined 8.22% or $168.44 reaching $1880.56 per share. Arrowgrass Capital Partners (Us) L P stated it has 0.65% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). Proficio Capital Partners LLC now owns 70 shares of the business services provider's stock worth $129,000 after buying an additional 16 shares during the last quarter. Priceline Grp Inc now has $100.69 billion valuation.

In other news, Director Jan L. Docter sold 1,500 shares of the company's stock in a transaction on Tuesday, May 30th.

XAutoplay: On | OffAfter the market close Tuesday, the online travel firm reported adjusted income of $15.14 a share, beating the consensus estimate of $14.27, as polled by Zacks. Company chares are trading at $1 marginally under the 50 day moving average which is $1,937.58 and which is marginally over the 200 day moving average of $1,795.67. The Priceline Group has a 12 month low of $1,392.44 and a 12 month high of $2,043.95. The Priceline Group Inc has a two bull (low rated) technical rating because it's trading below both its 10 day and its 50 day simple moving averages.

Shares traded down more than 8% on both stocks in the first half-hour of trading this morning, but for apparently different reasons. This is an increase of approximately 209% compared to the typical daily volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th.


The Norwalk, CT-based online travel agency reported Q2 earnings per share (EPS) of $15.14, which was $0.92 better than the Wall Street consensus estimate of $14.22. On average, equities research analysts forecast that The Priceline Group Inc. will post $74.20 earnings per share for the current year.

Fogel added in his conversation with investors that Priceline still has a very large market opportunity. Guggenheim downgraded the shares of PCLN in report on Wednesday, May 4 to "Neutral" rating. If you are accessing this article on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/09/trust-co-of-oklahoma-acquires-15-shares-of-the-priceline-group-inc-nasdaqpcln.html.

PCLN has been the subject of several recent research reports. On Wednesday, August 9 the stock rating was maintained by Credit Suisse with "Buy". The rating was maintained by RBC Capital Markets with "Outperform" on Friday, October 7. UBS AG reissued a "buy" rating and set a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. On November 8 Jefferies made no change to the company rating of "Buy" and lowered the price expectation to $1.00 from $1.00.

Stock has got OUTPERFORM rating from 5 analyst (s) whereas last month 5 analyst (s) have given outperform rating. The stock now has an average rating of "Buy" and an average price target of $1,903.47. Cowen and Company reaffirmed an "outperform" rating and issued a $2,000.00 price objective on shares of The Priceline Group in a research note on Tuesday, May 23rd. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gillian Tans sold 122 shares of the business's stock in a transaction that occurred on Friday, July 14th. Over the last five days, shares have faced -2.5% losses and now is down -1.01% since hitting its 200-day moving average of $63.77. Following the completion of the sale, the director now directly owns 346 shares of the company's stock, valued at $642,753.82. The disclosure for this sale can be found here.

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