Priceline Group Inc (PCLN) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $10.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.90. Analysts had a consensus of $9.64. The company posted revenue of $2148.00 million in the period, 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.
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.
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, Booking.com) 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 Companys brands include Booking.com KAYAK agoda.com rentalcars.com and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its Booking.com priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. 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.