Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading 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 recently weighed in on PCLN. Guggenheim raised shares of The Priceline Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research report on Wednesday, May 4th. Evercore ISI reaffirmed a “hold” rating and issued a $1,260.00 price target (down previously from $1,320.00) on shares of The Priceline Group in a research report on Wednesday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,600.00 price target (down previously from $1,700.00) on shares of The Priceline Group in a research report on Wednesday, May 4th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $1,510.00 target price on shares of The Priceline Group in a research report on Thursday, May 5th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a research report on Sunday, May 22nd. Eight investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,461.40.

The firm has a market capitalization of $67.05 billion and a price-to-earnings ratio of 26.59. The firm’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 announced its quarterly earnings data on Wednesday, May 4th. The company reported $10.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.66 by $0.88. The business earned $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The Priceline Group’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $8.12 EPS. Equities research analysts predict that The Priceline Group Inc. will post $66.87 earnings per share for the current fiscal year.

In other The Priceline Group news, CEO Gillian Tans sold 131 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $1,281.95, for a total value of $167,935.45. Following the sale, the chief executive officer now owns 6,310 shares in the company, valued at $8,089,104.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffery H. Boyd sold 3,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $1,266.92, for a total transaction of $3,800,760.00. Following the completion of the sale, the chief executive officer now owns 98,039 shares in the company, valued at approximately $124,207,569.88. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Andra AP fonden increased its position in shares of The Priceline Group by 83.3% in the fourth quarter. Andra AP fonden now owns 2,200 shares of the company’s stock valued at $2,805,000 after buying an additional 1,000 shares in the last quarter. Deere & Co. increased its position in shares of The Priceline Group by 55.5% in the fourth quarter. Deere & Co. now owns 3,525 shares of the company’s stock valued at $4,494,000 after buying an additional 1,258 shares in the last quarter. KBC Group NV increased its position in shares of The Priceline Group by 2.7% in the fourth quarter. KBC Group NV now owns 32,952 shares of the company’s stock valued at $42,012,000 after buying an additional 862 shares in the last quarter. Bailard Inc. purchased a new position in shares of The Priceline Group during the fourth quarter valued at about $1,128,000. Finally, MUFG Americas increased its position 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 valued at $2,986,000 after buying an additional 57 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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