Insider Selling: The Priceline Group Inc. (PCLN) CEO Sells $225,208.34 in Stock
The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 122 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Gillian Tans also recently made the following trade(s):
- On Tuesday, August 15th, Gillian Tans sold 123 shares of The Priceline Group stock. The shares were sold at an average price of $1,880.38, for a total transaction of $231,286.74.
- On Friday, July 14th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1866.35 on Friday. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The firm has a market capitalization of $91.56 billion, a P/E ratio of 39.64 and a beta of 1.47. The company 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 issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the firm posted $13.93 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that The Priceline Group Inc. will post $74.70 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group in the 2nd quarter worth about $101,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group in the 2nd quarter worth about $105,000. Assetmark Inc. grew its position in The Priceline Group by 12.5% in the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group in the 2nd quarter worth about $112,000. Finally, Proficio Capital Partners LLC grew its position in The Priceline Group by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after purchasing an additional 16 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on PCLN. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. SunTrust Banks, Inc. began coverage on shares of The Priceline Group in a research report on Tuesday, August 15th. They issued a “buy” rating and a $2,200.00 price objective for the company. MKM Partners restated a “buy” rating and issued a $2,225.00 price objective (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, August 14th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $2,200.00 price objective (up previously from $2,150.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. restated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group has a consensus rating of “Buy” and an average price target of $1,924.32.
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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