Investors Buy Shares of Priceline Group (PCLN) on Weakness After Insider Selling

Traders purchased shares of Priceline Group Inc (NASDAQ:PCLN) on weakness during trading on Thursday after an insider sold shares in the company. $223.64 million flowed into the stock on the tick-up and $166.92 million flowed out of the stock on the tick-down, for a money net flow of $56.72 million into the stock. Of all equities tracked, Priceline Group had the 13th highest net in-flow for the day. Priceline Group traded down ($23.19) for the day and closed at $1,926.71Specifically, CEO Gillian Tans sold 123 shares of Priceline Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction on Wednesday, November 22nd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock valued at $2,780,310 in the last quarter. 0.24% of the stock is owned by company insiders.

A number of research firms have commented on PCLN. Barclays reissued a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a report on Wednesday, October 11th. Bank of America reissued a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $2,200.00 target price on shares of Priceline Group in a report on Wednesday, October 4th. Zacks Investment Research lowered Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Deutsche Bank reissued a “hold” rating and issued a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Priceline Group currently has a consensus rating of “Buy” and an average target price of $2,019.79.

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 firm has a market cap of $94,520.00, a price-to-earnings ratio of 27.00, a P/E/G ratio of 1.43 and a beta of 1.39.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 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 company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the company posted $29.69 earnings per share. Priceline Group’s revenue was up 20.1% compared to the same quarter last year. research analysts anticipate that Priceline Group Inc will post 74.42 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. bought a new stake in Priceline Group during the second quarter valued at about $187,000. Rafferty Asset Management LLC grew its holdings in Priceline Group by 63.5% during the second quarter. Rafferty Asset Management LLC now owns 1,061 shares of the business services provider’s stock valued at $1,985,000 after purchasing an additional 412 shares during the period. Ithaka Group LLC grew its holdings in Priceline Group by 1.0% during the second quarter. Ithaka Group LLC now owns 14,381 shares of the business services provider’s stock valued at $26,900,000 after purchasing an additional 146 shares during the period. Ativo Capital Management LLC bought a new stake in Priceline Group during the second quarter valued at about $1,425,000. Finally, Vanguard Group Inc. grew its holdings in Priceline Group by 2.5% during 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 during the period. 94.45% of the stock is owned by institutional investors.

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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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