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

Investors sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading on Tuesday. $142.43 million flowed into the stock on the tick-up and $244.66 million flowed out of the stock on the tick-down, for a money net flow of $102.23 million out of the stock. Of all stocks tracked, The Priceline Group had the 12th highest net out-flow for the day. The Priceline Group traded up $8.20 for the day and closed at $1,723.72

A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of The Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. MKM Partners restated a “buy” rating and set a $2,225.00 price objective (up from $2,050.00) on shares of The Priceline Group in a research note on Monday, August 14th. Bank of America restated a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Tuesday, September 26th. Argus cut shares of The Priceline Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $1,459.49 to $1,739.71 in a research note on Friday, December 1st. They noted that the move was a valuation call. Finally, SunTrust Banks assumed coverage on shares of The Priceline Group in a research note on Tuesday, August 15th. They set a “buy” rating and a $2,200.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,002.06.

The company has a market capitalization of $83,875.80, a price-to-earnings ratio of 23.10, a PEG ratio of 1.36 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 released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The Priceline Group’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $29.69 earnings per share. research analysts expect that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

In related news, Director Jan L. Docter sold 1,200 shares of The Priceline Group stock in a transaction dated 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 transaction, the director now owns 142 shares of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group 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 directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock worth $2,790,353 in the last three months. 0.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PCLN. Harding Loevner LP increased its stake in The Priceline Group by 2,593.1% in the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after purchasing an additional 5,058,945 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares in the last quarter. Janus Henderson Group PLC increased its stake in The Priceline Group by 654.1% in the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after purchasing an additional 557,358 shares in the last quarter. Capital Research Global Investors increased its stake in The Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in The Priceline Group in the 3rd quarter worth about $174,056,000. 94.68% of the stock is currently owned by hedge funds and other 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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