Priceline Group (PCLN) Receiving Somewhat Positive News Coverage, Report Finds
News stories about Priceline Group (NASDAQ:PCLN) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Priceline Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.0168275733323 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Google is introducing interactive and automatically updating emails for Gmail (cnbc.com)
- As Facebook repels young users, can Instagram and Snapchat capitalize? (marketwatch.com)
- OpenTable Adds Barcelona to its Collection of International Dining Destinations (finance.yahoo.com)
- Priceline Group (PCLN) Rating Increased to Buy at Credit Suisse Group (americanbankingnews.com)
- Priceline Group Inc (PCLN) Position Raised by Marathon Asset Management LLP – GkMen (gkmen.com)
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Guggenheim downgraded shares of Priceline Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 7th. Citigroup reissued a “buy” rating and issued a $2,050.00 price objective on shares of Priceline Group in a report on Tuesday, November 7th. Wells Fargo & Co boosted their price objective on shares of Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a report on Tuesday, January 30th. Finally, Credit Suisse Group raised shares of Priceline Group to a “buy” rating in a report on Wednesday, February 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,025.31.
In other Priceline Group news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,567 shares of company stock valued at $2,780,310. Corporate insiders own 0.24% of the company’s stock.
About Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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