Investors Sell The Priceline Group Inc. (PCLN) on Strength (PCLN)
Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Thursday. $102.48 million flowed into the stock on the tick-up and $120.92 million flowed out of the stock on the tick-down, for a money net flow of $18.44 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 $1.86 for the day and closed at $1,418.59
A number of brokerages have issued reports on PCLN. Cantor Fitzgerald reaffirmed a “buy” rating on shares of The Priceline Group in a research report on Saturday, June 4th. Jefferies Group reaffirmed a “buy” rating and issued a $1,660.00 target price on shares of The Priceline Group in a research report on Monday, June 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $1,600.00 price target on shares of The Priceline Group in a research report on Tuesday, June 28th. Tigress Financial reissued a “buy” rating on shares of The Priceline Group in a research report on Thursday, June 30th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of The Priceline Group in a research report on Sunday, July 10th. 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 stock currently has a consensus rating of “Buy” and a consensus target price of $1,517.95.
The firm has a market capitalization of $70.33 billion and a PE ratio of 27.06. The stock has a 50 day moving average of $1,384.48 and a 200 day moving average of $1,319.75.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $12.69 by $1.24. During the same quarter in the previous year, the firm posted $12.45 EPS. The business earned $2.55 billion during the quarter, compared to the consensus estimate of $2.58 billion. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts predict that The Priceline Group Inc. will post $68.78 earnings per share for the current year.
In other 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the chief executive officer now directly owns 98,039 shares of the company’s stock, valued at $124,207,569.88. 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. boosted its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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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