Traders Buy Shares of Priceline Group (PCLN) on Weakness

Investors purchased 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 equities 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 equities research analysts recently commented on the stock. Credit Suisse Group raised shares of Priceline Group to a “buy” rating in a research note on Wednesday. Vetr raised shares of Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 price objective on the stock in a research note on Tuesday, January 30th. Wells Fargo & Co upped their target price on shares of Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a report on Tuesday, January 30th. JMP Securities upped their target price on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, BidaskClub lowered shares of Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 23rd. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $2,025.31.

The firm has a market cap of $86,079.05, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

In other news, CEO Gillian Tans sold 123 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction dated 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 transaction, the director now owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,567 shares of company stock worth $2,780,310. Insiders own 0.24% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new position in shares of Priceline Group during the 3rd quarter worth about $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in Priceline Group during the 2nd quarter worth approximately $133,000. SeaCrest Wealth Management LLC acquired a new stake in Priceline Group during the 4th quarter worth approximately $123,000. Crewe Advisors LLC acquired a new stake in Priceline Group during the 4th quarter worth approximately $176,000. Finally, Fieldpoint Private Securities LLC increased its position in 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 purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 93.97% 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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