The Priceline Group Inc. (PCLN) CEO Gillian Tans Sells 122 Shares

The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the sale, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gillian Tans also recently made the following trade(s):

• On Thursday, June 15th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00.

Shares of The Priceline Group Inc. (PCLN) opened at 1976.24 on Wednesday. The stock has a market capitalization of $97.12 billion, a PE ratio of 44.61 and a beta of 1.41. The Priceline Group Inc. has a one year low of $1,305.09 and a one year high of $1,989.04. The firm has a 50 day moving average price of $1,880.50 and a 200 day moving average price of $1,756.21.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.83 by $1.05. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $10.54 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. Analysts predict that The Priceline Group Inc. will post $73.93 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of PCLN. Vanguard Group Inc. boosted its stake in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the last quarter. FMR LLC boosted its stake in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Dodge & Cox purchased a new stake in shares of The Priceline Group during the fourth quarter worth $1,173,150,000. Finally, Edgewood Management LLC boosted its stake in shares of The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares during the last quarter. 95.20% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. UBS AG reissued a “buy” rating and set a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. Morgan Stanley lifted their price objective on The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Tuesday. Credit Suisse Group set a $1,935.00 price objective on The Priceline Group and gave the company a “buy” rating in a research report on Saturday, April 8th. Vetr raised The Priceline Group from a “sell” rating to a “hold” rating and set a $1,759.00 price objective on the stock in a research report on Monday, April 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,944.62.

About The 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.