Traders Sell Shares of Priceline Group (PCLN) on Strength (PCLN)

Traders sold shares of Priceline Group Inc (NASDAQ:PCLN) on strength during trading hours on Monday. $216.10 million flowed into the stock on the tick-up and $268.89 million flowed out of the stock on the tick-down, for a money net flow of $52.79 million out of the stock. Of all stocks tracked, Priceline Group had the 0th highest net out-flow for the day. Priceline Group traded up $28.27 for the day and closed at $1,851.81

A number of equities research analysts recently commented on PCLN shares. Deutsche Bank restated a “hold” rating and set a $2,050.00 price target on shares of Priceline Group in a research report on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $2,000.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. Barclays reiterated a “buy” rating and issued a $2,150.00 price objective on shares of Priceline Group in a research report on Wednesday, October 11th. Stifel Nicolaus decreased their price objective on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada increased their price objective on Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,003.45.

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 stock has a market cap of $90,850.00, a PE ratio of 25.95, a PEG ratio of 1.28 and a beta of 1.39.

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

In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at approximately $9,414,311.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock worth $2,781,444 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PCLN. Intercontinental Wealth Advisors LLC acquired a new stake in Priceline Group during the 2nd quarter worth $273,000. Calamos Wealth Management LLC acquired a new stake in shares of Priceline Group in the 2nd quarter valued at about $1,539,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Priceline Group by 23.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 678 shares of the business services provider’s stock valued at $1,268,000 after purchasing an additional 130 shares during the period. Argent Trust Co raised its stake in shares of Priceline Group by 0.7% in the 2nd quarter. Argent Trust Co now owns 767 shares of the business services provider’s stock valued at $1,434,000 after purchasing an additional 5 shares during the period. Finally, Carderock Capital Management Inc. raised its stake in shares of Priceline Group by 1.4% in the 2nd quarter. Carderock Capital Management Inc. now owns 1,683 shares of the business services provider’s stock valued at $3,147,000 after purchasing an additional 24 shares during the period. 94.39% of the stock is currently owned by institutional investors and hedge funds.

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About 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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