The Priceline Group Inc. (NASDAQ:PCLN) insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total transaction of $1,497,950.00. Following the completion of the sale, the insider now directly owns 24,991 shares in the company, valued at approximately $37,435,268.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1479.82 on Friday. The Priceline Group Inc. has a 12 month low of $954.02 and a 12 month high of $1,501.79. The firm’s 50-day moving average is $1,445.54 and its 200 day moving average is $1,348.86. The stock has a market cap of $73.14 billion, a PE ratio of 28.15 and a beta of 1.62.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.24. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm earned $12.45 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts predict that The Priceline Group Inc. will post $68.57 EPS for the current year.
PCLN has been the topic of several research reports. Zacks Investment Research raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 price target on the stock in a research report on Thursday, August 11th. Royal Bank Of Canada boosted their price target on shares of The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Priceline Group in a research report on Friday, August 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,560.00 target price (up previously from $1,453.49) on shares of The Priceline Group in a report on Thursday, September 29th. Finally, Evercore ISI raised shares of The Priceline Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $1,360.00 to $1,650.00 in a report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,538.19.
Several large investors have recently added to or reduced their stakes in PCLN. Vanguard Group Inc. boosted its stake in The Priceline Group by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,994,181 shares of the company’s stock valued at $3,737,965,000 after buying an additional 51,477 shares during the last quarter. Capital World Investors boosted its stake in The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock valued at $1,542,830,000 after buying an additional 340,386 shares during the last quarter. Lone Pine Capital LLC boosted its stake in The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock valued at $1,399,165,000 after buying an additional 329,121 shares during the last quarter. Jennison Associates LLC boosted its stake in The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock valued at $1,071,342,000 after buying an additional 150,154 shares during the last quarter. Finally, Dodge & Cox boosted its stake in The Priceline Group by 0.4% in the first quarter. Dodge & Cox now owns 678,743 shares of the company’s stock valued at $874,873,000 after buying an additional 2,375 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant 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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