Traders purchased shares of The Priceline Group Inc. (NASDAQ:PCLN) on weakness during trading hours on Wednesday. $182.10 million flowed into the stock on the tick-up and $144.56 million flowed out of the stock on the tick-down, for a money net flow of $37.54 million into the stock. Of all equities tracked, The Priceline Group had the 24th highest net in-flow for the day. The Priceline Group traded down ($7.48) for the day and closed at $1,759.19

A number of equities analysts have issued reports on the company. Credit Suisse Group restated an “outperform” rating and set a $2,070.00 price target (down from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie increased their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and set a $2,075.00 price target (up from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Royal Bank Of Canada increased their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “hold” rating and set a $1,850.00 price target on shares of The Priceline Group in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The Priceline Group presently has a consensus rating of “Buy” and a consensus price target of $2,020.52.

The company has a market cap of $86,300.00, a PE ratio of 23.56, a PEG ratio of 1.39 and a beta of 1.43. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm posted $29.69 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. research analysts predict that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on 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 directly owns 5,677 shares of the company’s stock, valued at approximately $10,479,571.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 367 shares of company stock valued at $672,929. Insiders own 0.24% of the company’s stock.

Several institutional investors have recently made changes to their positions in PCLN. Swiss National Bank increased its holdings in The Priceline Group by 2.7% in the 2nd quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after acquiring an additional 4,800 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in The Priceline Group in the 3rd quarter worth about $36,616,000. Pacer Advisors Inc. increased its holdings in The Priceline Group by 4.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 69 shares during the last quarter. Norinchukin Bank The increased its holdings in The Priceline Group by 4.0% in the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after acquiring an additional 228 shares during the last quarter. Finally, Equitec Proprietary Markets LLC purchased a new stake in The Priceline Group in the 3rd quarter worth about $549,000. 95.22% of the stock is owned by hedge funds and other institutional investors.

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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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