The Priceline Group Inc. (NASDAQ:PCLN) insider Glenn D. Fogel sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total value of $1,497,950.00. Following the transaction, the insider now directly owns 24,991 shares in the company, valued at $37,435,268.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 has a 50 day moving average price of $1,445.54 and a 200-day moving average price of $1,348.86. The company has a market cap of $73.14 billion, a P/E 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 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.24. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group had a return on equity of 32.93% and a net margin of 27.08%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $12.45 earnings per share. Analysts anticipate that The Priceline Group Inc. will post $68.57 earnings per share for the current fiscal year.
Several research analysts recently weighed in on PCLN shares. Zacks Investment Research raised 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 upped their price target on 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 reissued a “buy” rating and set a $1,560.00 price target (up from $1,453.49) on shares of The Priceline Group in a research report on Thursday, September 29th. Finally, Evercore ISI raised The Priceline Group from a “hold” rating to a “buy” rating and upped their price target for the company from $1,360.00 to $1,650.00 in a research report on Thursday, August 18th. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,538.19.
Several hedge funds have recently added to or reduced their stakes in PCLN. Advisory Services Network LLC increased its stake in The Priceline Group by 5.2% in the third quarter. Advisory Services Network LLC now owns 525 shares of the company’s stock worth $773,000 after buying an additional 26 shares in the last quarter. Capital Investment Services of America Inc. bought a new stake in The Priceline Group during the third quarter worth about $6,842,000. Bremer Trust National Association increased its stake in The Priceline Group by 15.4% in the third quarter. Bremer Trust National Association now owns 2,526 shares of the company’s stock worth $3,717,000 after buying an additional 338 shares in the last quarter. Deane Retirement Strategies Inc. bought a new stake in The Priceline Group during the third quarter worth about $1,682,000. Finally, BNP Paribas Arbitrage SA increased its stake in The Priceline Group by 112.1% in the third quarter. BNP Paribas Arbitrage SA now owns 27,213 shares of the company’s stock worth $40,044,000 after buying an additional 14,382 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.
The Priceline Group Company Profile