Priceline Group Inc (NASDAQ:PCLN) CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was 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 in the company, valued at approximately $9,414,311.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Gillian Tans also recently made the following trade(s):
- On Wednesday, November 15th, Gillian Tans sold 123 shares of Priceline Group stock. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94.
- On Monday, October 16th, Gillian Tans sold 122 shares of Priceline Group stock. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00.
Shares of Priceline Group Inc (NASDAQ PCLN) traded up $26.30 during mid-day trading on Friday, hitting $1,919.40. The stock had a trading volume of 553,300 shares, compared to its average volume of 396,524. Priceline Group Inc has a one year low of $1,528.01 and a one year high of $2,067.99. The firm has a market cap of $94,160.00, a PE ratio of 26.89, a PEG ratio of 1.41 and a beta of 1.39. 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 issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $29.69 EPS. sell-side analysts predict that Priceline Group Inc will post 74.41 EPS for the current year.
Several brokerages recently issued reports on PCLN. Zacks Investment Research downgraded Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks raised their target price on Priceline Group to $2,200.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group restated an “outperform” rating and issued a $2,000.00 target price (down from $2,070.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Citigroup restated a “buy” rating and issued a $2,050.00 target price on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, Oppenheimer restated a “buy” rating and issued a $1,950.00 target price (down from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $2,010.80.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Priceline Group in the 2nd quarter worth $101,000. Horan Capital Advisors LLC. acquired a new position in shares of Priceline Group in the 3rd quarter worth $103,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Priceline Group in the 2nd quarter worth $105,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Priceline Group in the 2nd quarter worth $133,000. Finally, TCI Wealth Advisors Inc. grew its holdings in shares of Priceline Group by 8.7% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.
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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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