The Priceline Group Inc.NASDAQ
Yesterday, 8:15 AM
- CLSA initiates coverage on Priceline (NASDAQ:PCLN) with a Buy rating.
- Analyst James Lee says Priceline is poised to gain market share due to its digital ad advantage over competitors.
- Lee assigns a price target of $1,900 on PCLN vs. the $1,740 Street average and yesterday's close of $1,527.04.
- Previously: Priceline seen running to $2K (Dec. 6)
Tue, Dec. 6, 8:34 AM
- Piper Jaffray thinks Priceline (NASDAQ:PCLN) can hit $2,000 a share within two years.
- The investment firm says consensus estimates on Priceline are only factoring in "minimal" market share gains, while the company is poised to capture a higher percentage of travel bookings.
- Shares are rated at Overweight and assigned a 12-month PT of $1,700.
- PCLN +0.35% premarket to $1505.00
Tue, Nov. 22, 3:33 PM
- Looking at the top 50 hedge fund hotels, it's probably little surprise that Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) top the list, with Amazon making for a top 10 holding in 61 funds, and Facebook in 57.
- Rounding out the top 10 are Charter Communications (NASDAQ:CHTR), Alphabet (GOOG, GOOGL), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Yahoo (NASDAQ:YHOO), Allergan (NYSE:AGN), Bank of America (NYSE:BAC), and Priceline (NASDAQ:PCLN).
- Looking at another gauge - the percent of market cap owned by hedge funds - shows CommScope (NASDAQ:COMM) leading the way, with hedge funds owning 37%. Next is Dell Technologies (NYSE:DVMT) and Expedia (NASDAQ:EXPE) at 30%, and after that: Liberty Broadband (NASDAQ:LBRDK) at 24%, LinkedIn (NYSE:LNKD) at 21%, Constellation Brands (NYSE:STZ) at 20%, and Humana (NYSE:HUM) and WhiteWave Foods (NYSE:WWAV) at 19%.
- Previously: Goldman's list of shorts mattering most to hedge funds (Nov. 22)
Mon, Nov. 7, 5:36 PM
Mon, Nov. 7, 4:29 PM
Mon, Nov. 7, 4:21 PM
- Priceline (NASDAQ:PCLN) reports profit increased 22% in Q3 to $3.6B. The international business contributed profit of $3.3B, up 25% Y/Y (+26% in constant currency).
- Total gross bookings were up 24.9% to $18.460B. Merchant bookings shot up 40% during the quarter.
- "The acceleration in room night growth demonstrates the favorable market in which we operate as well as the value of our diverse global platform," says CEO Jeffrey Boyd.
- Priceline says it sees total gross travel bookings growth of 17% to 22% in Q4. Room bookings growth of 20% to 25% is anticipated. The company expects Q4 EPS of $12.20 to $12.80.
- Priceline earnings release (.pdf)
- PCLN +4.57% AH to $1548.00.
Sun, Nov. 6, 5:35 PM
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Thu, Sep. 8, 4:19 AM
- Priceline (NASDAQ:PCLN) is no longer letting travelers name their own price for airline tickets, but will still allow customers to make an offer for hotel rooms and car rentals.
- The feature's demise shows how much online travel has changed since the late 1990s, when the website introduced a new business model that promised steep discounts to bargain-hunters and an easy way for airlines to fill unsold seats.
Wed, Sep. 7, 3:13 PM
- Priceline.com (PCLN +0.5%) removed the name-your-price airfare auction feature from its website on September 1, reports The Wall Street Journal.
- The company says the Express Deals part of its website is now more popular with consumers.
- "Now, we have four supercarriers that collectively control approximately 85% of U.S. capacity," observes . "A product like name-your-own-price only works when there’s a critical mass of seats available." observes travel analyst Henry Harteveldt.
Thu, Aug. 18, 7:13 AM
- Alongside his downgrade of Twitter, analyst Ken Sena boosts Priceline (NASDAQ:PCLN) to Buy from Hold.
- Through Booking.com, Priceline offers scale advantage, characterized by its leading global position in travel and deep penetration of independents and the European OTA market, execution track record, and value.
- At 17x 2017 adjusted EPS, Priceline trades inline to below travel peers despite greater scale and faster growth.
- He boosts the price target to $1,650 from $1,350. Shares are up 0.6% to $1,435.35 premarket.
Fri, Aug. 5, 9:12 AM
Thu, Aug. 4, 4:51 PM
Thu, Aug. 4, 4:29 PM
- Priceline (NASDAQ:PCLN) reports profit jumped 16% in Q2 to $2.4B. The international business accounted for $2.1B of the gain. The company ended the period with a gross profit rate of 20.8% vs. 18.9% a year ago.
- Total gross bookings were up 19.4% to $17.862B (+21% ex-F/X). Hotel room units sold showed the biggest increase in the quarter with a 24% Y/Y increase.
- Priceline says it will target total gross travel bookings growth of 14% to 19% in Q3. Room bookings growth of 14% to 19% is anticipated. Revenue is seen growing 12% to 17%. The company expects Q3 EPS of $28.30 to $29.80.
- Priceline earnings release (.pdf)
- PCLN +4.27% AH to $1418.00.
Wed, Aug. 3, 5:35 PM
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Wed, Aug. 3, 1:13 PM
- Cruise line stocks are recovering from a harsh sell-off following Royal Caribbean's (RCL +1.9%) earnings report. Norwegian Cruise Line Holdings NCLH and Carnival CCL saw some panicking trading yesterday, according to some analysts.
- United Continental (UAL +1.6%) and Delta Air Lines (DAL +1%) are also higher on the day. Sector watchers note that the impact of Zika on the carriers may have been overstated.
- Priceline Group (PCLN +1.7%) and Travelzoo (TZOO +1.9%) are ahead of broad market indexes.
- Hotel stocks Hyatt Hotels (H +2.6%), Marriott International (MAR +1.1%), and Hilton Worldwide Holdings (HLT +1%) are in positive territory in the lodging sector.
Fri, Jul. 15, 2:27 AM
- Eight months after a murderous rampage in Paris, a deadly attack in the French coastal city of Nice has killed at least 84 people and wounded scores.
- The "terrorist" gunman, described as a French national of Tunisian descent, drove a heavy truck at high speed into a crowd that had been watching Bastille Day fireworks along the Riviera.
- Equities are trading lower, weighed down by travel and tourism stocks, in yet another terror driven selloff.
- CAC 40 -0.6% to 4,358.
- Related tickers: EXPE -2.4%, PCLN -1%, TRIP -1%, NCLH -3%, RCL -2.5%, CCL -0.2%, AAL -1.4%, UAL -1.2%, DAL -1.5%.