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 Friday. $142.97 million flowed into the stock on the tick-up and $174.46 million flowed out of the stock on the tick-down, for a money net flow of $31.49 million out of the stock. Of all companies tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $4.24 for the day and closed at $1,419.79
A number of research analysts recently commented on the company. Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a report on Sunday. Piper Jaffray Cos. reissued a “buy” rating on shares of The Priceline Group in a report on Thursday. Jefferies Group reaffirmed a “buy” rating and issued a $1,700.00 price objective on shares of The Priceline Group in a research note on Tuesday, August 23rd. Evercore ISI raised The Priceline Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,360.00 to $1,650.00 in a research note on Thursday, August 18th. Finally, Zacks Investment Research raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 price objective on the stock in a research note on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,517.95.
The stock has a market capitalization of $70.17 billion and a price-to-earnings ratio of 27.00. The firm has a 50 day moving average of $1,373.67 and a 200 day moving average of $1,308.02.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $13.93 EPS for the quarter, topping the Zacks’ consensus estimate of $12.69 by $1.24. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.58 billion. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.45 EPS. On average, equities analysts predict that The Priceline Group Inc. will post $68.78 earnings per share for the current fiscal year.
In related news, CEO Gillian Tans sold 131 shares of The Priceline Group stock in a transaction that occurred 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 transaction, the chief executive officer now owns 6,049 shares in the company, valued at $8,032,406.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffery H. Boyd sold 3,000 shares of The Priceline Group stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 94,488 shares in the company, valued at approximately $127,927,303.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in The Priceline Group stock. Schwab Charles Investment Management Inc. increased its position in 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. 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 as of its most recent SEC filing.
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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