Traders purchased shares of The Priceline Group Inc. (NASDAQ:PCLN) on weakness during trading hours on Monday. $184.79 million flowed into the stock on the tick-up and $153.80 million flowed out of the stock on the tick-down, for a money net flow of $30.99 million into the stock. Of all companies tracked, The Priceline Group had the 13th highest net in-flow for the day. The Priceline Group traded down ($1.26) for the day and closed at $1,850.82

Several analysts have recently commented on PCLN shares. Credit Suisse Group restated an “outperform” rating and issued a $2,070.00 target price (down from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Needham & Company LLC restated a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. MKM Partners restated a “buy” rating and issued a $2,050.00 target price (up from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,924.32.

The company has a market cap of $90.41 billion, a P/E ratio of 39.14 and a beta of 1.47. The company has a 50 day moving average price of $1,917.49 and a 200-day moving average price of $1,840.03.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $13.93 earnings per share. Equities analysts expect that The Priceline Group Inc. will post $74.70 earnings per share for the current fiscal year.

In related news, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now owns 5,922 shares in the company, valued at $11,544,761.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares in the company, valued at approximately $600,288. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,867 shares of company stock worth $5,380,180. 0.42% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd bought a new position in The Priceline Group during the second quarter valued at approximately $101,000. Shine Investment Advisory Services Inc. bought a new position in The Priceline Group during the second quarter valued at approximately $105,000. Webster Bank N. A. lifted its position in The Priceline Group by 24.0% during the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 12 shares during the period. Assetmark Inc. lifted its position in The Priceline Group by 12.5% during the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 7 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new position in The Priceline Group during the second quarter valued at approximately $112,000. Institutional investors own 94.53% of the company’s stock.

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About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant online 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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