Investors Sell Shares of The Priceline Group Inc. (PCLN) on Strength (PCLN)
Investors sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Monday. $94.94 million flowed into the stock on the tick-up and $114.31 million flowed out of the stock on the tick-down, for a money net flow of $19.37 million out of the stock. Of all equities tracked, The Priceline Group had the 29th highest net out-flow for the day. The Priceline Group traded up $4.26 for the day and closed at $1,422.85
Several research firms have recently weighed in on PCLN. Cantor Fitzgerald restated a “buy” rating on shares of The Priceline Group in a research report on Sunday, May 22nd. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,316.39 price objective for the company in a research note on Tuesday, May 31st. Morgan Stanley raised shares of The Priceline Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,330.00 to $1,525.00 in a research note on Thursday, June 30th. Deutsche Bank AG reaffirmed a “hold” rating on shares of The Priceline Group in a research note on Sunday, July 10th. Finally, Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,517.95.
The stock has a 50 day moving average of $1,384.48 and a 200 day moving average of $1,319.75. The company has a market cap of $70.33 billion and a price-to-earnings ratio of 27.06.
The Priceline Group (NASDAQ:PCLN) last released its earnings results on Thursday, August 4th. The company reported $13.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $12.69 by $1.24. The firm earned $2.55 billion during the quarter, compared to the consensus estimate of $2.58 billion. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.45 EPS. Analysts expect that The Priceline Group Inc. will post $68.78 EPS for the current year.
In other The Priceline Group news, CEO Gillian Tans sold 131 shares of the business’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 sale, the chief executive officer now owns 6,049 shares in the company, valued at approximately $8,032,406.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffery H. Boyd sold 3,000 shares of the company’s 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 sale, 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.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.