The Priceline Group Inc. (PCLN) CEO Sells $236,680.00 in Stock

The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the sale, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gillian Tans also recently made the following trade(s):

  • On Friday, September 15th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34.
  • On Tuesday, August 15th, Gillian Tans sold 123 shares of The Priceline Group stock. The shares were sold at an average price of $1,880.38, for a total value of $231,286.74.

The Priceline Group Inc. (NASDAQ PCLN) traded down 2.49% during trading on Friday, reaching $1890.92. The company had a trading volume of 903,357 shares. The company has a market capitalization of $92.77 billion, a PE ratio of 40.16 and a beta of 1.47. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The stock has a 50 day moving average price of $1,882.78 and a 200-day moving average price of $1,875.16.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $13.93 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Priceline Group Inc. will post $74.99 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on PCLN shares. Morgan Stanley upped their price target on The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. UBS AG restated a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. MKM Partners reiterated a “buy” rating and issued a $2,225.00 price objective (up from $2,050.00) on shares of The Priceline Group in a report on Monday, August 14th. Finally, Zacks Investment Research cut The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,960.17.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its position in shares of 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 during the last quarter. Janus Henderson Group PLC increased its position in shares of 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 during the last quarter. Renaissance Technologies LLC bought a new stake in shares of The Priceline Group in the 1st quarter worth about $358,128,000. Capital Research Global Investors increased its position in shares of 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 during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of The Priceline Group by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after purchasing an additional 93,992 shares during the last quarter. 94.36% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for The Priceline Group (NASDAQ:PCLN)

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