Priceline Group Inc (NASDAQ:PCLN), the world leader in online travel and related services, announced that Maelle Gavet has joined the company’s senior leadership team as the Executive Vice President of Global Operations, effective July 6, 2015. Gavet will be responsible for driving global operational strategy and connections across The Priceline Group and its six major brands: Booking.com, priceline.com, KAYAK, agoda.com, rentalcars.com and OpenTable, working alongside The Priceline Group leadership team and the company CEOs.
“The Priceline Group is dedicated to helping people experience the world through relentless innovation in digital technology, and Maelle brings great leadership expertise in digital technology and e-commerce,” said Darren Huston, President and CEO of The Priceline Group. “Even though we operate independently-led, entrepreneurially-driven businesses, we have always sought to promote smart connections between our brands, and I am excited to have someone with Maelle’s talent join us to take this to a new level.”
“The Priceline Group is a truly globally-scaled digital e-commerce Fortune 500 company operating world-class brands,” said Gavet. “I look forward to contributing to the Group by identifying new opportunities and operating synergies that enhance its already strong track record as a global digital pioneer.”
Prior to joining The Priceline Group, Gavet served as the CEO of OZON, Russia’s leading e-commerce business. Before that, she was a Principal at The Boston Consulting Group, working in France, the UK, South Africa and India. Gavet will be based in Amsterdam, where the Group’s Booking.com business is headquartered, will join the company’s Group Management Board (the team that leads day-to-day operations and strategy of The Priceline Group), and will report directly into Huston. (Original Source)
Shares of Priceline.com closed yesterday at $1176.2 . PCLN has a 1-year high of $1329.90 and a 1-year low of $990.69. The stock’s 50-day moving average is $1202.56 and its 200-day moving average is $1151.92.
On the ratings front, Priceline.com has been the subject of a number of recent research reports. In a report issued on May 8, The Benchmark Company analyst Daniel Kurnos maintained a Buy rating on PCLN, with a price target of $1350, which implies an upside of 14.8% from current levels. Separately, on the same day, Janney Montgomery Scott’s Brian McGill maintained a Hold rating on the stock and has a price target of $1090.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Daniel Kurnos and Brian McGill have a total average return of 6.6% and 9.4% respectively. Kurnos has a success rate of 53.0% and is ranked #918 out of 3629 analysts, while McGill has a success rate of 67.9% and is ranked #1027.
In total, 2 research analysts have assigned a Hold rating and 6 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $1350.83 which is 14.8% above where the stock closed yesterday.
Priceline Group Inc is a provider of online travel and travel related reservation and search services. The Company offer consumers accommodation reservations through its Booking.com, priceline.com and agoda.com brands.