Investors Sell 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 companies 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
A number of brokerages recently weighed in on PCLN. Guggenheim raised The Priceline Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research report on Wednesday, May 4th. Evercore ISI reissued 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 report on Wednesday, May 4th. Royal Bank Of Canada reissued 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 report on Wednesday, May 4th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $1,510.00 price target on shares of The Priceline Group in a report on Thursday, May 5th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a report on Sunday, May 22nd. Five research 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 company presently has an average rating of “Buy” and an average target price of $1,517.95.
The stock has a 50 day moving average price of $1,373.67 and a 200 day moving average price of $1,308.02. The stock has a market cap of $70.17 billion and a PE ratio of 27.00.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.24. During the same period in the previous year, the business earned $12.45 earnings per share. The firm earned $2.55 billion during the quarter, compared to analysts’ expectations of $2.58 billion. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts predict that The Priceline Group Inc. will post $68.78 EPS for the current fiscal year.
In related news, CEO Gillian Tans sold 131 shares of the firm’s 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 value of $173,953.59. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffery H. Boyd sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 94,488 shares of the company’s stock, valued at $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. 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 Securities and Exchange Commission. 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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