Traders Sell Shares of The Priceline Group Inc. (PCLN) on Strength Following Insider Selling

Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Tuesday following insider selling activity. $90.21 million flowed into the stock on the tick-up and $178.10 million flowed out of the stock on the tick-down, for a money net flow of $87.89 million out of the stock. Of all stocks tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $5.60 for the day and closed at $1,859.78Specifically, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now owns 320 shares of the company’s stock, valued at $600,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 2,867 shares of company stock valued at $5,384,080 in the last ninety days. Company insiders own 0.42% of the company’s stock.

A number of research analysts recently commented on the company. UBS AG reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday, August 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,924.32.

The company’s 50 day moving average is $1,873.07 and its 200-day moving average is $1,851.42. The firm has a market cap of $91.24 billion, a PE ratio of 39.50 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company posted $13.93 earnings per share. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts anticipate that The Priceline Group Inc. will post $74.70 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Mackenzie Financial Corp bought a new position in shares of The Priceline Group in the first quarter valued at approximately $34,546,000. Swiss National Bank raised its stake in shares of The Priceline Group by 2.7% in the second quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock valued at $336,043,000 after acquiring an additional 4,800 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of The Priceline Group by 64.9% in the first quarter. Toronto Dominion Bank now owns 14,383 shares of the business services provider’s stock valued at $25,599,000 after acquiring an additional 5,660 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of The Priceline Group by 4.4% in the second quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock valued at $3,081,000 after acquiring an additional 69 shares during the last quarter. Finally, Covey Capital Advisors LLC bought a new position in shares of The Priceline Group in the first quarter valued at approximately $3,515,000. Institutional investors own 94.44% of the company’s stock.

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The Priceline Group Company Profile

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.

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