Traders Sell The Priceline Group Inc. (PCLN) on Strength After Insider Selling

Investors sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Friday after an insider sold shares in the company. $213.11 million flowed into the stock on the tick-up and $246.01 million flowed out of the stock on the tick-down, for a money net flow of $32.90 million out of the stock. Of all equities tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $15.57 for the day and closed at $1,747.22Specifically, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 367 shares of company stock worth $672,929 in the last ninety days. Insiders own 0.24% of the company’s stock.

Several brokerages have weighed in on PCLN. KeyCorp reaffirmed a “hold” rating on shares of The Priceline Group in a report on Thursday. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, October 2nd. UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Finally, Royal Bank Of Canada lifted their price target on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $2,020.52.

The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The firm has a market cap of $84,950.00, a P/E ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 1.43.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of The Priceline Group during the second quarter valued at $101,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of The Priceline Group during the second quarter valued at $105,000. Horan Capital Advisors LLC. purchased a new stake in shares of The Priceline Group during the third quarter valued at $103,000. Capital Advisors Ltd. LLC purchased a new stake in shares of The Priceline Group during the second quarter valued at $112,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of The Priceline Group by 29.6% during the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 16 shares during the period. 95.10% of the stock is owned by 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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