Traders 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. $95.23 million flowed into the stock on the tick-up and $126.68 million flowed out of the stock on the tick-down, for a money net flow of $31.45 million out of the stock. Of all stocks tracked, The Priceline Group had the 15th highest net out-flow for the day. The Priceline Group traded up $8.93 for the day and closed at $1,926.93

Several research firms have commented on PCLN. Royal Bank Of Canada boosted their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Macquarie boosted their target price on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, UBS AG reaffirmed a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a report on Thursday, August 10th. One 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 given a strong buy rating to the company. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,952.67.

The stock has a 50 day moving average price of $1,842.80 and a 200 day moving average price of $1,859.42. The stock has a market capitalization of $94.53 billion, a price-to-earnings ratio of 40.93 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.93 earnings per share. On average, equities analysts expect that The Priceline Group Inc. will post $74.79 earnings per share for the current fiscal year.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,867 shares of company stock valued at $5,384,080. 0.24% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in The Priceline Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after purchasing an additional 79,784 shares in the last quarter. FMR LLC raised its stake in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after purchasing an additional 67,569 shares in the last quarter. Capital World Investors raised its stake in The Priceline Group by 2.1% in the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after purchasing an additional 34,959 shares in the last quarter. Capital Research Global Investors raised its stake in The Priceline Group by 7.1% in the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 977,817 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Traders Sell The Priceline Group

Several research firms have commented on PCLN. Royal Bank Of Canada boosted their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Macquarie boosted their target price on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, UBS AG reaffirmed a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a report on Thursday, August 10th. One 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 given a strong buy rating to the company. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,952.67.

The stock has a 50 day moving average price of $1,842.80 and a 200 day moving average price of $1,859.42. The stock has a market capitalization of $94.53 billion, a price-to-earnings ratio of 40.93 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.93 earnings per share. On average, equities analysts expect that The Priceline Group Inc. will post $74.79 earnings per share for the current fiscal year.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,867 shares of company stock valued at $5,384,080. 0.24% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in The Priceline Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after purchasing an additional 79,784 shares in the last quarter. FMR LLC raised its stake in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after purchasing an additional 67,569 shares in the last quarter. Capital World Investors raised its stake in The Priceline Group by 2.1% in the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after purchasing an additional 34,959 shares in the last quarter. Capital Research Global Investors raised its stake in The Priceline Group by 7.1% in the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 977,817 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Traders Sell The Priceline Group Inc. (PCLN) on Strength (PCLN)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/09/traders-sell-the-priceline-group-inc-pcln-on-strength-pcln.html.

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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