Traders Buy Priceline Group (PCLN) on Weakness Following Insider Selling

Traders purchased shares of Priceline Group Inc (NASDAQ:PCLN) on weakness during trading on Friday following insider selling activity. $418.21 million flowed into the stock on the tick-up and $212.04 million flowed out of the stock on the tick-down, for a money net flow of $206.17 million into the stock. Of all equities tracked, Priceline Group had the 6th highest net in-flow for the day. Priceline Group traded down ($16.50) for the day and closed at $1,910.21Specifically, 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 directly owns 142 shares of the company’s stock, valued at $250,561.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,567 shares of company stock worth $2,780,310. 0.24% of the stock is owned by insiders.

Several brokerages recently commented on PCLN. Deutsche Bank reaffirmed a “hold” rating and issued a $2,050.00 target price on shares of Priceline Group in a research note on Tuesday, October 24th. Barclays reaffirmed a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a research note on Wednesday, October 11th. SunTrust Banks lifted their target price on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Citigroup reaffirmed a “buy” rating and issued a $2,050.00 target price on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus decreased their target price on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,019.79.

The stock has a market capitalization of $93,710.00, a P/E ratio of 26.76, a PEG ratio of 1.45 and a beta of 1.39. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.

Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 29.20% and a return on equity of 33.02%. Priceline Group’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $29.69 EPS. equities research analysts expect that Priceline Group Inc will post 74.42 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Harding Loevner LP lifted its stake in Priceline Group by 2,593.1% during the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after acquiring an additional 5,058,945 shares during the period. Janus Henderson Group PLC lifted its stake in Priceline Group by 654.1% during the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after acquiring an additional 557,358 shares during the period. Capital Research Global Investors lifted its stake in Priceline Group by 7.1% during the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after acquiring an additional 108,187 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in Priceline Group during the 3rd quarter valued at about $174,056,000. Finally, Flossbach Von Storch AG lifted its stake in Priceline Group by 30,890.9% during the 3rd quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock valued at $156,032,000 after acquiring an additional 84,950 shares during the period. Institutional investors own 94.45% of the company’s stock.

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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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