Insider Selling: The Priceline Group Inc. (PCLN) CEO Sells $211,040.94 in Stock
The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Gillian Tans also recently made the following trade(s):
- On Monday, October 16th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00.
- On Friday, September 15th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34.
The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,747.22 on Monday. The company has a market cap of $85,211.11, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $29.69 earnings per share. equities analysts forecast that The Priceline Group Inc. will post 74.42 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new position in shares of The Priceline Group during the second quarter valued at $101,000. Horan Capital Advisors LLC. acquired a new position in shares of The Priceline Group during the third quarter valued at $103,000. Shine Investment Advisory Services Inc. acquired a new position in shares of The Priceline Group during the second quarter valued at $105,000. Capital Advisors Ltd. LLC acquired a new position in shares of The Priceline Group during the second quarter valued at $112,000. Finally, Proficio Capital Partners LLC boosted its holdings in shares of The Priceline Group by 29.6% during the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 16 shares during the period. 95.22% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on PCLN shares. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. 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 report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $2,250.00 price target on shares of The Priceline Group in a report on Friday, August 4th. Royal Bank Of Canada raised their price target on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Macquarie raised their price target on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $2,020.52.
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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