Investors Sell Shares of The Priceline Group Inc. (PCLN) on Strength (PCLN)
Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Thursday. $111.08 million flowed into the stock on the tick-up and $132.92 million flowed out of the stock on the tick-down, for a money net flow of $21.84 million out of the stock. Of all equities tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $5.37 for the day and closed at $1,415.55
PCLN has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $1,700.00 target price on shares of The Priceline Group in a research report on Thursday, April 28th. Piper Jaffray Cos. restated a “buy” rating on shares of The Priceline Group in a research report on Thursday, April 28th. Evercore ISI restated a “hold” rating and set a $1,260.00 target price (down previously from $1,320.00) on shares of The Priceline Group in a research report on Wednesday, May 4th. Guggenheim upgraded The Priceline Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a research report on Wednesday, May 4th. Finally, Vetr upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,343.42 target price for the company in a research report on Wednesday, May 4th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,517.95.
The firm has a market cap of $69.96 billion and a P/E ratio of 26.92. The company’s 50 day moving average is $1,370.27 and its 200-day moving average is $1,304.83.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $12.69 by $1.24. The firm earned $2.55 billion during the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.45 earnings per share. On average, equities research analysts anticipate that The Priceline Group Inc. will post $68.78 EPS for the current year.
In other news, CEO Jeffery H. Boyd sold 3,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $1,353.90, for a total value of $4,061,700.00. Following the sale, the chief executive officer now directly owns 94,488 shares in the company, valued at approximately $127,927,303.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were 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 in the company, valued at $8,032,406.61. The disclosure for this sale can be found here.
An institutional investor recently raised its position in The Priceline Group stock. Schwab Charles Investment Management Inc. boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,162 shares of the company’s stock after buying an additional 3,680 shares during the period. Schwab Charles Investment Management Inc. owned 0.26% of The Priceline Group worth $163,401,000 at the end of the most recent 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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