Investors bought shares of The Priceline Group Inc. (NASDAQ:PCLN) on weakness during trading hours on Tuesday. $291.34 million flowed into the stock on the tick-up and $233.35 million flowed out of the stock on the tick-down, for a money net flow of $57.99 million into the stock. Of all stocks tracked, The Priceline Group had the 10th highest net in-flow for the day. The Priceline Group traded down ($2.65) for the day and closed at $1,719.50
Several brokerages have issued reports on PCLN. Guggenheim cut shares of The Priceline Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 7th. Royal Bank Of Canada increased their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Citigroup Inc. reiterated a “buy” rating and set a $2,050.00 target price on shares of The Priceline Group in a report on Tuesday, November 7th. UBS AG reiterated a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,020.52.
The stock has a market capitalization of $84,490.00, a P/E ratio of 22.80, a PEG ratio of 1.34 and a beta of 1.43. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the company earned $29.69 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. research analysts forecast that The Priceline Group Inc. will post 74.44 EPS for the current year.
In related news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the sale, the chief executive officer now owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Investment Advisory Services Inc. acquired a new stake in The Priceline Group during the 3rd quarter worth $236,000. Zions Bancorporation boosted its stake in The Priceline Group by 2,600.0% during the 3rd quarter. Zions Bancorporation now owns 297 shares of the business services provider’s stock worth $543,000 after purchasing an additional 286 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in The Priceline Group during the 3rd quarter worth $946,000. Cornerstone Capital Management Holdings LLC. boosted its stake in The Priceline Group by 29.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 15,844 shares of the business services provider’s stock worth $29,006,000 after purchasing an additional 3,615 shares during the last quarter. Finally, Lagoda Investment Management L.P. boosted its stake in The Priceline Group by 13.1% during the 3rd quarter. Lagoda Investment Management L.P. now owns 8,949 shares of the business services provider’s stock worth $16,384,000 after purchasing an additional 1,035 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.
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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.
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