Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Thursday. $92.72 million flowed into the stock on the tick-up and $121.87 million flowed out of the stock on the tick-down, for a money net flow of $29.15 million out of the stock. Of all stocks tracked, The Priceline Group had the 29th highest net out-flow for the day. The Priceline Group traded up $0.14 for the day and closed at $1,866.35

PCLN has been the subject of several research reports. Credit Suisse Group reiterated an “outperform” rating and set a $2,070.00 price target (down from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Stifel Nicolaus reiterated a “buy” rating and set a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada boosted their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and a consensus target price of $1,924.32.

The stock has a market cap of $91.35 billion, a PE ratio of 39.55 and a beta of 1.47. The stock has a 50-day moving average of $1,873.07 and a 200-day moving average of $1,851.42.

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

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the completion of the sale, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,867 shares of company stock valued at $5,384,080. 0.42% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after purchasing an additional 79,784 shares in the last quarter. FMR LLC lifted its stake in shares of The Priceline Group by 3.8% during the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after purchasing an additional 67,569 shares in the last quarter. Capital World Investors lifted its stake in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after purchasing an additional 34,959 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in shares of The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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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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