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

Investors sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours 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 0th highest net out-flow for the day. The Priceline Group traded up $8.93 for the day and closed at $1,926.93

PCLN has been the topic of several analyst reports. UBS AG restated an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Bank of America Corporation restated a “buy” rating and issued a $2,150.00 price objective on shares of The Priceline Group in a report on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating and issued a $2,200.00 price objective on shares of The Priceline Group in a report on Wednesday, October 4th. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and a consensus target price of $1,952.67.

The firm’s 50-day moving average price is $1,849.43 and its 200-day moving average price is $1,863.49. The firm has a market capitalization of $94.03 billion, a price-to-earnings ratio of 40.71 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates 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 EPS. On average, analysts forecast that The Priceline Group Inc. will post $74.79 EPS for the current year.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the sale, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock valued at $5,384,080 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group during the 2nd quarter valued at $101,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the 2nd quarter valued at $105,000. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the 2nd quarter valued at $112,000. Proficio Capital Partners LLC increased its stake in The Priceline Group by 29.6% during the 1st 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 in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in The Priceline Group during the 2nd quarter valued at $133,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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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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