Investors Buy Priceline Group (PCLN) on Weakness

Traders bought shares of Priceline Group Inc (NASDAQ:PCLN) on weakness during trading on Monday. $105.20 million flowed into the stock on the tick-up and $81.91 million flowed out of the stock on the tick-down, for a money net flow of $23.29 million into the stock. Of all stocks tracked, Priceline Group had the 17th highest net in-flow for the day. Priceline Group traded down ($3.53) for the day and closed at $1,775.26

A number of equities research analysts have recently weighed in on the company. Barclays reaffirmed a “buy” rating and set a $2,150.00 price target on shares of Priceline Group in a research note on Wednesday, October 11th. Bank of America reaffirmed a “buy” rating and set a $2,150.00 price target on shares of Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and set a $2,200.00 price target on shares of Priceline Group in a research note on Wednesday, October 4th. Deutsche Bank reaffirmed a “hold” rating and set a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada raised their price target on Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,002.06.

The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The firm has a market capitalization of $87,090.00, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40.

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. 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 for the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business earned $29.69 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. sell-side analysts expect that Priceline Group Inc will post 74.42 EPS for the current fiscal year.

In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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 approximately $250,561.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gillian Tans sold 123 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock worth $2,781,444 over the last three months. 0.24% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC acquired a new stake in shares of Priceline Group during the 3rd quarter worth approximately $9,572,000. AustralianSuper Pty Ltd acquired a new stake in shares of Priceline Group during the 3rd quarter worth approximately $6,408,000. Parametric Portfolio Associates LLC grew its holdings in shares of Priceline Group by 1.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 129,143 shares of the business services provider’s stock worth $236,438,000 after purchasing an additional 1,834 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Priceline Group by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,223 shares of the business services provider’s stock worth $73,641,000 after purchasing an additional 125 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Priceline Group by 1.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 9,596 shares of the business services provider’s stock worth $17,569,000 after purchasing an additional 151 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.

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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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