Last $1,197 USD
Change Today +23.40 / 1.99%
Volume 872.3K
PCLN On Other Exchanges
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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

priceline group inc/the (PCLN) Snapshot

Open
$1,179
Previous Close
$1,174
Day High
$1,198
Day Low
$1,176
52 Week High
03/6/14 - $1,379
52 Week Low
10/9/13 - $972.40
Market Cap
62.8B
Average Volume 10 Days
879.8K
EPS TTM
$40.22
Shares Outstanding
52.4M
EX-Date
--
P/E TM
29.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PRICELINE GROUP INC/THE (PCLN)

priceline group inc/the (PCLN) 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 (PCLN) 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 (PCLN) Key Developments

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.

The Priceline Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

The Priceline Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $2,123,575,000 against $1,680,238,000 a year ago. Operating income was $733,014,000 against $554,831,000 a year ago. Earnings before income taxes were $715,765,000 against $535,557,000 a year ago. Net income applicable to common stockholders were $576,451,000 against $437,326,000 a year ago. Net income applicable to common stockholders per diluted common share were $10.89 against $8.39 a year ago. Non-GAAP gross profit was $1,882,996,000 against $1,383,855,000 a year ago. Non-GAAP operating income was $791,132,000 against $610,771,000 a year ago. Adjusted EBITDA was $809,425,000 against $621,256,000 a year ago. Non-GAAP net income applicable to common stockholders were $667,100,000 against $508,251,000 a year ago. Non-gaap diluted earnings per share were $12.51 against $9.70 a year ago. For the six months, the company reported total revenues of $3,765,377,000 against $2,982,250,000 a year ago. Operating income was $1,171,740,000 against $864,670,000 a year ago. Earnings before income taxes were $1,131,818,000 against $825,999,000 a year ago. Net income applicable to common stockholders were $907,669,000 against $681,597,000 a year ago. Net income applicable to common stockholders per diluted common share were $17.12 against $13.18 a year ago. Net cash provided by operating activities were $866,985,000 against $776,499,000 a year ago. Additions to property and equipment were $61,986,000 against $36,481,000 a year ago. Non-gaap gross profit was $3,289,467,000 against $2,414,070,000 a year ago. Non-GAAP operating income was $1,291,484,000 against $972,148,000 a year ago. Adjusted EBITDA was $1,322,757,000 against $989,492,000 a year ago. Non-GAAP net income applicable to common stockholders were $1,083,577,000 against $805,487,000 a year ago. Non-gaap diluted earnings per share were $20.32 against $15.50 a year ago. For the third quarter, the company expects increase in revenue of approximately 15% - 25%. The company expects increase in gross profit of approximately 21% - 31%. The company expects adjusted EBITDA of approximately $1.265 billion to $1.365 billion. The company expects non-gaap net income per diluted share between $19.60 and $21.10. The non-GAAP adjustments are expected to increase adjusted EBITDA over GAAP net income by approximately $340 million. In addition, the non-GAAP adjustments are expected to increase non-GAAP net income over GAAP net income by approximately $100 million in the 3 quarter 2014. The group estimates GAAP net income per diluted share between $17.86 and $19.36. GAAP guidance excludes the impact of amortization expense related to OpenTable's purchased intangibles due to the fact that OpenTable's purchase price allocation has not yet been finalized.

 

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PCLN

Industry Average

Valuation PCLN Industry Range
Price/Earnings 29.4x
Price/Sales 8.1x
Price/Book 7.9x
Price/Cash Flow 27.1x
TEV/Sales 6.9x
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