Traders Buy Priceline Group (PCLN) on Weakness

Investors bought shares of Priceline Group Inc (NASDAQ:PCLN) on weakness during trading hours on Friday. $521.79 million flowed into the stock on the tick-up and $464.51 million flowed out of the stock on the tick-down, for a money net flow of $57.28 million into the stock. Of all stocks tracked, Priceline Group had the 8th highest net in-flow for the day. Priceline Group traded down ($41.06) for the day and closed at $1,765.00

A number of research firms have recently issued reports on PCLN. Zacks Investment Research lowered shares of Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group restated an “outperform” rating and set a $2,000.00 price target (down previously from $2,070.00) on shares of Priceline Group in a report on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price target on shares of Priceline Group in a report on Tuesday, November 7th. UBS Group restated a “neutral” rating on shares of Priceline Group in a report on Tuesday, November 7th. Finally, Oppenheimer restated a “buy” rating and set a $1,950.00 price target (down previously from $2,100.00) on shares of Priceline Group in a report on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Priceline Group has an average rating of “Buy” and an average target price of $2,025.31.

The firm has a market cap of $86,590.00, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.

Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $29.69 EPS. analysts expect that Priceline Group Inc will post 74.41 earnings per share for the current year.

In other Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the sale, the chief executive officer now directly owns 5,310 shares of the company’s stock, valued at $9,414,311.40. The transaction 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 the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,567 shares of company stock worth $2,780,310. Company insiders own 0.24% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Horan Capital Advisors LLC. bought a new stake in shares of Priceline Group during the 3rd quarter worth $103,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Priceline Group during the 2nd quarter worth $133,000. SeaCrest Wealth Management LLC bought a new stake in shares of Priceline Group during the 4th quarter worth $123,000. Crewe Advisors LLC bought a new stake in shares of Priceline Group during the 4th quarter worth $176,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in shares of Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after buying an additional 94 shares during the period. 93.97% 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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