Investors Sell The Priceline Group Inc. (PCLN) on Strength (PCLN)
Investors sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Monday. $360.49 million flowed into the stock on the tick-up and $389.37 million flowed out of the stock on the tick-down, for a money net flow of $28.88 million out of the stock. Of all stocks tracked, The Priceline Group had the 32nd highest net out-flow for the day. The Priceline Group traded up $8.51 for the day and closed at $1,903.00
Several research analysts have recently commented on PCLN shares. Morgan Stanley raised their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,300.00 target price (up from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. UBS AG reaffirmed a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and set a $2,225.00 target price (up from $2,050.00) on shares of The Priceline Group in a report on Monday, August 14th. Finally, Zacks Investment Research cut shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One investment 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 issued a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,960.17.
The stock has a market capitalization of $92,940.00, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 2.20.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping analysts’ consensus estimates of $34.18 by $1.04. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $29.69 earnings per share. equities analysts expect that The Priceline Group Inc. will post 75 earnings per share for the current year.
In other news, 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 transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares in the company, valued at $600,288. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,867 shares of company stock worth $5,382,925. 0.24% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in The Priceline Group in the second quarter valued at $101,000. Shine Investment Advisory Services Inc. acquired a new position in The Priceline Group in the second quarter valued at $105,000. Capital Advisors Ltd. LLC acquired a new position in The Priceline Group in the second quarter valued at $112,000. Proficio Capital Partners LLC lifted its holdings in 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 valued at $129,000 after buying an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in The Priceline Group in the second quarter valued at $133,000. Institutional investors and hedge funds own 94.44% 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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