Priceline Group Inc (PCLN) is Upgraded by Guggenheim to Buy

Priceline Group Inc (PCLN) was Upgraded by Guggenheim to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Guggenheim advised their investors in a research report released on May 4, 2016.

Many Wall Street Analysts have commented on Priceline Group Inc. Priceline Group Inc was Initiated by Pacific Crest to “Sector Weight” on Mar 31, 2016.

On the company’s financial health, Priceline Group Inc reported $10.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.90 according to the earnings call on May 4, 2016. Analyst had a consensus of $9.64. The company had revenue of $2148.00 million for the quarter, compared to analysts expectations of $2122.97 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.12 EPS.

Priceline Group Inc opened for trading at $1349 and hit $1358.78 on the upside on Monday, eventually ending the session at $1356.69, with a gain of 0.97% or 13.03 points. The heightened volatility saw the trading volume jump to 5,08,760 shares. Company has a market cap of $67,314 M.

In a different news, on Apr 19, 2016, Gillian Tans (President & COO, sold 131 shares at $1,333.67 per share price. According to the SEC, on Apr 5, 2016, Jeffery H Boyd (director) sold 3,000 shares at $1,283.12 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.

Priceline Group Inc

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