Last €892.20 EUR
Change Today +8.34 / 0.94%
Volume 195.0
PCE1 On Other Exchanges
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As of 2:26 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

priceline group inc/the (PCE1) Snapshot

Open
€887.52
Previous Close
€883.86
Day High
€892.20
Day Low
€883.09
52 Week High
02/26/14 - €1,004
52 Week Low
11/8/13 - €754.08
Market Cap
46.8B
Average Volume 10 Days
165.8
EPS TTM
--
Shares Outstanding
52.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PRICELINE GROUP INC/THE (PCE1)

priceline group inc/the (PCE1) Details

The Priceline Group Inc. operates as an online travel company. The company’s products include Booking.com, which provides online hotel reservation services on a worldwide basis with approximately 425,000 properties in 190 countries and territories available in 42 languages; Agoda.com, an Asia-based online hotel reservation service available in 38 languages; and rentalcars.com that offers car rental services in approximately 6,000 locations worldwide. It also provides reservation services for hotel rooms, airline tickets, rental cars, vacation packages, and cruise trips under the priceline.com brand through its Name Your Own Price service; KAYAK Websites and mobile apps allow people to compare hundreds of travel sites at once; and travel insurance services. The company was formerly known as priceline.com Incorporated and changed its name to The Priceline Group Inc. in April 2014. The Priceline Group Inc. was founded in 1997 and is headquartered in Norwalk, Connecticut.

11,700 Employees
Last Reported Date: 08/11/14
Founded in 1997

priceline group inc/the (PCE1) Top Compensated Officers

Chief Executive Officer, President, Member of...
Total Annual Compensation: $478.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $315.0K
Member of Group Management Board and Chief Ex...
Total Annual Compensation: $360.0K
Executive Vice President, General Counsel, Co...
Total Annual Compensation: $330.0K
Head of Worldwide Strategy & Planning, Execut...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

priceline group inc/the (PCE1) Key Developments

Kathleen Soule Files Lawsuit Against Priceline Group and Marriott International

Maui resident Kathleen Soule is pursuing a class action lawsuit against Priceline Group and Marriott International seeking monetary damages 'arising from the unfair and unconscionable assessment and collection of 'resort fees''. The complaint was filed by Kathleen Soule in the U.S. District Court for the District of Hawaii in Honolulu on Oct. 10. Although the lawsuit specifically names Marriott, the class includes anyone who was charged a resort fee at any Hawaii hotel after booking a stay on Priceline.com since 2010, although it can be amended. On Aug. 9, 2011, Soule used Priceline.com to book a reservation at the Wailea Beach Marriott Resort & Spa for Aug. 12, 2011. The room rate was listed at $110 per night. Before finalizing the transaction, Priceline quoted a total room cost of $133.49, which included the room rate and taxes and fees of $23.49. The suit alleges that the mandatory resort fee was known by Priceline but was not included. When Soule checked out of her room, she was charged a $30 resort fee per night. The lawsuit claims hotels and booking sites 'omitted resort fees from posted room rates for certain hotels, in an effort to make certain hotels appear less expensive than they actually were'. The suit also alleges that Priceline never adequately informed consumers about resort fees. The lawsuit also slams mandatory resort fees levied on customers who have no intention of using any of the resort amenities the resort fees cover. Defendants have devised a mechanism through the use of resort fees whereby they advertise what appears to be a low room rate but then secretly recoup an additional charge. The lawsuit cites Bjorn Hanson, dean of the Tisch Center for Hospitality, Tourism and Sports Management at New York University, who said hotels took in approximately $1 billion in resort fees in 2012 alone. The lawsuit also cites the Federal Trade Commission, which in November 2012, sent a letter to 22 hotel chain operators warning that online reservation sites may violate the law by providing low estimates to consumers.

Priceline Group Seeks Acquistions

The Priceline Group Inc. (NasdaqGS:PCLN) will consider acquisitions. Priceline Group has annopunced the pricing of $1 billion principal amount of Convertible Senior Notes offering. The Priceline Group estimates that the net proceeds from the offering of notes will be approximately $990 million, after deducting estimated fees and expenses. The proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of Priceline's common stock and corporate acquisitions.

Priceline Group Mulls Acquisitions

The Priceline Group Inc. (NasdaqGS:PCLN) is looking for acquisitions. The Priceline Group Inc. announced its intention to offer, subject to market and other conditions, up to $1 billion principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Priceline Group Inc. plans to use the net proceeds from the offering of the notes to repurchase up to $375 million of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the Company's common stock and corporate acquisitions.

 

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PCE1:GR €892.20 EUR +8.34

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Industry Analysis

PCE1

Industry Average

Valuation PCE1 Industry Range
Price/Earnings 28.3x
Price/Sales 7.8x
Price/Book 7.6x
Price/Cash Flow 26.1x
TEV/Sales 6.6x
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