Market Update: priceline.com Incorporated (NASDAQ:PCLN) – Ainslie’s Maverick Bulked Up on Priceline, Facebook, Allergan

[at Bloomberg] – Lee Ainslie’s Maverick Capital plowed capital into previously small stakes in online travel company Priceline Group Inc. and social media giant Facebook Inc. in the first quarter. Read more on this. The Priceline Group Inc. (PCLN) , with a current value of $63.71B, ended trading yesterday at $1,278.64. Looking at today’s trading action, the company’s one day range from $1,269.06 to $1,289.45 with the price of the stock fluctuating between $954.02 to $1,476.52 over the last 52 weeks. PCLN shares are currently priced at 19.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.43x earnings multiple. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $12.63 per share, which would be $0.18 better than the year-ago quarter and a $2.03 sequential decrease. The full-year EPS estimate is $67.03 which would be a $8.70 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.59 Billion. If realized, that would be a 13.60% increase over the year-ago quarter. In terms of ratings, Guggenheim upgraded PCLN from Neutral to Buy (May 4, 2016). Previously, Pacific Crest Initiated PCLN at to Sector Weight. With the above information in mind, readers should note that the average price target is $1,438.44, which is 0.00% above where the stock opened this morning. See more in (NASDAQ:PCLN) Similar Articles: Company Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 1st Quarter 2016 Financial Results on May 4th Market Update: priceline.com Incorporated (NASDAQ:PCLN) – Business Services Equity Movers and Shakers — Fiserv, PRA Group, The Priceline Group, and FleetCor Technologies Market Update: priceline.com Incorporated (NASDAQ:PCLN) – The Priceline Group to Webcast 4th Quarter 2015 Financial Results on February 17th