Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Wednesday following insider selling activity. $152.93 million flowed into the stock on the tick-up and $192.85 million flowed out of the stock on the tick-down, for a money net flow of $39.92 million out of the stock. Of all stocks tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $7.34 for the day and closed at $1,941.87Specifically, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction on 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 completion of the sale, the director now owns 320 shares in the company, valued at approximately $600,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Friday, September 15th. The shares were 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 approximately $10,479,571.69. The disclosure for this sale can be found here. Insiders sold a total of 2,867 shares of company stock valued at $5,382,925 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on PCLN shares. Barclays PLC reiterated a “buy” rating and issued a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Bank of America Corporation reissued a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $2,200.00 price target on shares of The Priceline Group in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $2,150.00 price target on shares of The Priceline Group and gave the company a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,961.00.

The stock’s 50 day moving average price is $1,873.94 and its 200 day moving average price is $1,869.68. The stock has a market cap of $94.58 billion, a price-to-earnings ratio of 40.95 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $13.93 earnings per share. On average, equities analysts anticipate that The Priceline Group Inc. will post $74.79 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new position in shares of The Priceline Group in the second quarter worth about $101,000. Shine Investment Advisory Services Inc. bought a new position in shares of The Priceline Group in the second quarter worth about $105,000. Capital Advisors Ltd. LLC bought a new position in shares of The Priceline Group in the second quarter worth about $112,000. Proficio Capital Partners LLC raised its stake in shares of The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after buying an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of The Priceline Group in the second quarter worth about $133,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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The Priceline Group Company Profile

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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