The Priceline Group Company Profile (NASDAQ:PCLN)

The Priceline Group trades on the NASDAQ under the ticker symbol "PCLN."

The Priceline Group Inc. (NASDAQ:PCLN) posted its quarterly earnings data on Tuesday, May, 9th. The company reported $9.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $8.83 by $1.05. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.54 EPS. View The Priceline Group's Earnings History.

The Priceline Group updated its second quarter earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $13.30-14.00 for the period, compared to the Thomson Reuters consensus estimate of $15.05.

29 brokerages have issued twelve-month target prices for The Priceline Group's shares. Their forecasts range from $1,580.00 to $2,200.00. On average, they anticipate The Priceline Group's stock price to reach $1,952.88 in the next year. View Analyst Ratings for The Priceline Group.

Here are some recent quotes from research analysts about The Priceline Group stock:

• 1. According to Zacks Investment Research, "Priceline.com is one of the leading online travel companies in the world.  The company reported strong first quarter results. Over the last one year, the stock has underperformed the Zacks characterized Electronic Commerce industry. Both agency and merchant businesses showed strong momentum. The secular growth trend in the online travel booking market, Priceline’s strong position in international markets, growth opportunities in the domestic market, good execution, prudent marketing strategy and strong financial position are positives. At the same time, weaker ADRs, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs." (7/11/2017)
• 2. Stifel Nicolaus analysts commented, "Priceline reported strong 4Q:16 results highlighted by 31% y/y room night growth, 28% y/y FX-adj. bookings growth, and adj. EBITDA margins of 38.2% (gross profit), all exceeding our and consensus expectations. Momentum continued into 1Q:17 as Priceline guided next quarter room nights (20%-25%) and FX-adj. bookings (19%-24%) ahead of our expectations. Pressure on performance marketing ROI is expected to continue into 1Q, though to a lesser degree than the recent past, and the book vs. day time lag and the Easter shift will pressure margins in the quarter. Management noted that performance ad efficiency in 1H:17 will be more favorable than 2H:16. New CEO Glenn Fogel commented that the corporate strategy will not change under his leadership. We are raising our estimates and increasing our price target to $2,100. Overall, we maintain the view Priceline is a high quality asset well positioned to drive continued long-term growth." (2/28/2017)
• 3. Royal Bank Of Canada analysts commented, "We continue pointing to material new growth opportunities that PCLN has been investing in for years: China Outbound, Vacation Rentals & Alternative Accommodations, LatAm, & Business Travel. PCLN still has a long runway ' 65% of global room nights sold are still sold offline and PCLN itself only accounts for around 10% of hotel partner room night sales. Which means that current growth rates should be sustainable+ for a substantial period. PCLN remains one of the best 'Net Large Caps ' both fundamentally and stock wise ' and screens extremely well against our 5M Framework ' excellent Management, deep competitive Moats, highly profitable business Model, a very large Market opportunity, and a reasonable Multiple (21X '18 GAAP P/E on 20%+ EPS growth outlook)." (2/28/2017)
• 4. Jefferies Group LLC analysts commented, "Priceline announced yesterday a definitive agreement to acquire Momondo Group for $550MM in cash. We view this transaction as a net positive for Priceline as it strengthens its position in several key international markets and adds largely complementary assets to the Kayak meta-search portfolio. Valuation also looks fair (compared to Priceline's Kayak acquisition back in 2012)." (2/8/2017)
• 5. Barclays PLC analysts commented, "We see this latest foray into digital distribution as a hedge against a likely secular decline in cable subscribers." (8/5/2016)

Some companies that are related to The Priceline Group include Home Depot, Inc. (The) (HD), McDonald's Corporation (MCD), Inditex (IDEXY), Walgreens Boots Alliance (WBA), Starbucks Corporation (SBUX), CVS Health Corporation (CVS), Costco Wholesale Corporation (COST), Lowe's Companies (LOW), Kering Unspon (PPRUY), TJX Companies, Inc. (The) (TJX), Hennes & Mauritz AB (HNNMY), Wal-Mart de Mexico SAB de CV (WMMVY), eBay (EBAY), Target Corporation (TGT), Yum! Brands (YUM), Expedia (EXPE), Ross Stores (ROST) and Kroger Company (The) (KR).

The Priceline Group's management team includes the folowing people:

• Jeffery H. Boyd, Executive Chairman of the Board
• Glenn D. Fogel, President, Chief Executive Officer, Director
• Daniel J. Finnegan, Chief Financial Officer, Chief Accounting Officer
• Gillian Tans, President and Chief Executive Officer of Booking.com
• Peter J. Millones Jr., Executive Vice President, General Counsel, Corporate Secretary
• James M. Guyette, Lead Independent Director
• Robert J. Mylod Jr., Director
• Timothy Armstrong, Independent Director
• Jan L. Docter, Independent Director
• Jeffrey E. Epstein, Independent Director

The Priceline Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Swedbank (0.42%), Vontobel Asset Management Inc. (0.40%), Manning & Napier Advisors LLC (0.36%), APG Asset Management N.V. (0.18%), NN Investment Partners Holdings N.V. (0.13%) and Marathon Asset Management LLP (0.12%). Company insiders that own The Priceline Group stock include Daniel J Finnegan, Gillian Tans, Glenn D Fogel, James M Guyette, Jan L Docter, Jeffery H Boyd and Peter J Millones. View Institutional Ownership Trends for The Priceline Group.

The Priceline Group's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Manning & Napier Advisors LLC, Swedbank, Vaughan Nelson Investment Management L.P., US Bancorp DE, State Treasurer State of Michigan, Alta Capital Management LLC and Exxonmobil Investment Management Inc. TX. Company insiders that have sold The Priceline Group stock in the last year include Daniel J Finnegan, Gillian Tans, Glenn D Fogel, Jan L Docter and Jeffery H Boyd. View Insider Buying and Selling for The Priceline Group.

The Priceline Group's stock was purchased by a variety of institutional investors in the last quarter, including Tesco Pension Investment Ltd, Marathon Asset Management LLP, APG Asset Management N.V., DnB Asset Management AS, NN Investment Partners Holdings N.V., Mn Services Vermogensbeheer B.V., Gladstone Capital Management LLP and National Pension Service. View Insider Buying and Selling for The Priceline Group.

Shares of The Priceline Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of The Priceline Group stock can currently be purchased for approximately $1,994.89.