Investors Sell The Priceline Group (PCLN) on Strength (PCLN)

Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Thursday. $150.12 million flowed into the stock on the tick-up and $220.63 million flowed out of the stock on the tick-down, for a money net flow of $70.51 million out of the stock. Of all equities tracked, The Priceline Group had the 11th highest net out-flow for the day. The Priceline Group traded up $18.31 for the day and closed at $1,760.92

A number of brokerages have recently commented on PCLN. BidaskClub lowered The Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. MKM Partners lowered The Priceline Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $2,225.00 to $1,850.00 in a research note on Thursday, December 7th. Bank of America reissued a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. Guggenheim lowered The Priceline Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 7th. Finally, Citigroup reissued a “buy” rating and set a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $2,002.06.

The company has a market capitalization of $85,490.00, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

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

In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of The Priceline Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total value 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 $10,479,571.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,567 shares of company stock valued at $2,790,353. 0.24% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. increased its holdings in shares of The Priceline Group by 0.5% during the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after acquiring an additional 3 shares in the last quarter. New Amsterdam Partners LLC NY increased its holdings in shares of The Priceline Group by 1.5% during the second quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 5 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of The Priceline Group by 0.8% during the second quarter. Oppenheimer & Co. Inc. now owns 600 shares of the business services provider’s stock valued at $1,122,000 after acquiring an additional 5 shares in the last quarter. Argent Trust Co increased its holdings in shares of The Priceline Group by 0.7% during the second quarter. Argent Trust Co now owns 767 shares of the business services provider’s stock valued at $1,434,000 after acquiring an additional 5 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of The Priceline Group by 8.7% during the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 94.68% of the company’s stock.

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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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