Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Friday. $443.07 million flowed into the stock on the tick-up and $596.25 million flowed out of the stock on the tick-down, for a money net flow of $153.18 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 $24.71 for the day and closed at $1,350.81

Several brokerages have recently issued reports on PCLN. Piper Jaffray Cos. restated a “buy” rating and issued a $1,500.00 price objective on shares of The Priceline Group in a research report on Tuesday, June 21st. Vetr downgraded The Priceline Group from a “hold” rating to a “sell” rating and set a $1,301.85 target price on the stock. in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $1,510.00 target price on shares of The Priceline Group in a research report on Sunday, April 10th. Deutsche Bank AG reiterated a “hold” rating on shares of The Priceline Group in a research report on Sunday, July 10th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of The Priceline Group in a research report on Thursday, May 5th. Eight investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,461.40.

The company has a market capitalization of $67.05 billion and a price-to-earnings ratio of 26.59. The stock’s 50 day moving average price is $1,312.12 and its 200-day moving average price is $1,262.59.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Wednesday, May 4th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.66 by $0.88. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business posted $8.12 EPS. The Priceline Group’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts expect that The Priceline Group Inc. will post $66.87 EPS for the current year.

In related news, CEO Gillian Tans sold 131 shares of The Priceline Group stock in a transaction on Friday, July 15th. The stock was sold at an average price of $1,327.89, for a total transaction of $173,953.59. Following the completion of the sale, the chief executive officer now owns 6,049 shares of the company’s stock, valued at $8,032,406.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffery H. Boyd sold 3,000 shares of The Priceline Group stock in a transaction on Friday, July 1st. The shares were sold at an average price of $1,266.92, for a total value of $3,800,760.00. Following the sale, the chief executive officer now directly owns 98,039 shares of the company’s stock, valued at approximately $124,207,569.88. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Burney Co. boosted its stake in shares of The Priceline Group by 2.6% in the fourth quarter. Burney Co. now owns 969 shares of the company’s stock worth $1,233,000 after buying an additional 25 shares in the last quarter. Tredje AP fonden boosted its stake in shares of The Priceline Group by 1.1% in the fourth quarter. Tredje AP fonden now owns 4,071 shares of the company’s stock worth $5,190,000 after buying an additional 45 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of The Priceline Group by 3.0% in the fourth quarter. Genesee Valley Trust Co. now owns 1,549 shares of the company’s stock worth $1,975,000 after buying an additional 45 shares in the last quarter. MUFG Americas boosted its stake in shares of The Priceline Group by 2.4% in the third quarter. MUFG Americas now owns 2,414 shares of the company’s stock worth $2,986,000 after buying an additional 57 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Priceline Group by 5.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,795 shares of the company’s stock worth $2,289,000 after buying an additional 91 shares in the last quarter.

The Priceline Group Inc is a provider of travel and restaurant 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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