Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Thursday. $187.01 million flowed into the stock on the tick-up and $202.27 million flowed out of the stock on the tick-down, for a money net flow of $15.26 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 $15.87 for the day and closed at $1,443.07

Several analysts have recently issued reports on PCLN shares. Royal Bank Of Canada restated an “outperform” rating and issued a $1,600.00 price objective (down from $1,700.00) on shares of The Priceline Group in a research report on Wednesday, May 4th. Piper Jaffray Cos. reiterated a “buy” rating on shares of The Priceline Group in a research report on Thursday, April 28th. Zacks Investment Research upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 target price on the stock in a research report on Thursday, August 11th. Ascendiant Capital Markets reiterated a “buy” rating and set a $1,600.00 target price (down from $1,625.00) on shares of The Priceline Group in a research report on Friday, May 6th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Priceline Group in a research report on Friday, August 5th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group currently has a consensus rating of “Buy” and a consensus target price of $1,517.95.

The company has a market cap of $70.78 billion and a price-to-earnings ratio of 27.24. The stock has a 50 day moving average of $1,356.91 and a 200 day moving average of $1,294.32.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, topping analysts’ consensus estimates of $12.69 by $1.24. During the same period in the prior year, the firm earned $12.45 EPS. The company earned $2.55 billion during the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that The Priceline Group Inc. will post $68.78 earnings per share for the current year.

In other The Priceline Group news, CEO Jeffery H. Boyd sold 3,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $1,353.90, for a total value of $4,061,700.00. Following the completion of the sale, the chief executive officer now owns 94,488 shares of the company’s stock, valued at $127,927,303.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 131 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $1,327.89, for a total value of $173,953.59. Following the completion of the sale, the chief executive officer now directly owns 6,049 shares of the company’s stock, valued at approximately $8,032,406.61. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in The Priceline Group by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 128,162 shares of the company’s stock worth $163,401,000 after buying an additional 3,680 shares during the last quarter. Calvert Investment Management Inc. raised its position in The Priceline Group by 26.0% in the fourth quarter. Calvert Investment Management Inc. now owns 2,730 shares of the company’s stock worth $3,481,000 after buying an additional 564 shares during the last quarter. Airain ltd acquired a new position in The Priceline Group during the fourth quarter worth approximately $4,354,000. KBC Group NV raised its position in The Priceline Group by 2.7% in the fourth quarter. KBC Group NV now owns 32,952 shares of the company’s stock worth $42,012,000 after buying an additional 862 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in The Priceline Group by 16.4% in the fourth quarter. State of Tennessee Treasury Department now owns 37,009 shares of the company’s stock worth $47,184,000 after buying an additional 5,209 shares during 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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