Insider Selling: The Priceline Group Inc. (NASDAQ:PCLN) CEO Sells 123 Shares of Stock

The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 123 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, October 16th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00.
  • 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 transaction of $225,208.34.

The Priceline Group Inc. (PCLN) traded down $12.06 during mid-day trading on Monday, reaching $1,723.24. The company’s stock had a trading volume of 502,797 shares, compared to its average volume of 458,989. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The company has a market cap of $84,629.78, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $29.69 EPS. equities analysts predict that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Capital Management Ltd increased its stake in The Priceline Group by 187.9% in the first quarter. Dynamic Capital Management Ltd now owns 7,159 shares of the business services provider’s stock worth $12,743,000 after purchasing an additional 4,672 shares during the period. Schwab Charles Investment Management Inc. increased its stake in The Priceline Group by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 148,329 shares of the business services provider’s stock worth $264,022,000 after purchasing an additional 6,718 shares during the period. Allen Investment Management LLC increased its stake in The Priceline Group by 3.3% in the first quarter. Allen Investment Management LLC now owns 61,957 shares of the business services provider’s stock worth $110,282,000 after purchasing an additional 1,974 shares during the period. Logan Capital Management Inc. increased its stake in The Priceline Group by 0.3% in the first quarter. Logan Capital Management Inc. now owns 3,000 shares of the business services provider’s stock worth $5,340,000 after purchasing an additional 9 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in The Priceline Group by 38.4% in the first quarter. Oppenheimer & Co. Inc. now owns 595 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 165 shares during the period. Institutional investors own 94.68% of the company’s stock.

Several equities research analysts have recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of The Priceline Group in a research report on Thursday, November 16th. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS reaffirmed an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada increased their target price on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $2,011.16.

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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.

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

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