Insider Selling: The Priceline Group Inc. (PCLN) Director Sells 1,200 Shares of Stock

The Priceline Group Inc. (NASDAQ:PCLN) Director Jan L. Docter sold 1,200 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of The Priceline Group Inc. (PCLN) traded up $4.98 during midday trading on Monday, hitting $1,763.40. The stock had a trading volume of 443,251 shares, compared to its average volume of 459,243. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market capitalization of $85,758.15, a PE ratio of 23.62, a PEG ratio of 1.39 and a beta of 1.43.

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

Several equities research analysts recently commented on PCLN shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $2,050.00 price target on shares of The Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $2,000.00 price target on shares of The Priceline Group in a report on Tuesday, November 7th. Barclays PLC reaffirmed a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a report on Wednesday, October 11th. Stifel Nicolaus cut their price target on The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada increased their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $2,020.52.

Large investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new position in The Priceline Group in the second quarter valued at $101,000. Horan Capital Advisors LLC. purchased a new position in The Priceline Group in the third quarter valued at $103,000. Shine Investment Advisory Services Inc. purchased a new position in The Priceline Group in the second quarter valued at $105,000. Capital Advisors Ltd. LLC purchased a new position in The Priceline Group in the second quarter valued at $112,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in The Priceline Group in the second quarter valued at $133,000. Hedge funds and other institutional investors own 95.22% of the company’s stock.

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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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