The 1,000 Shares of Stock are sold by The Priceline Group Inc. (PCLN) Insider Glenn D. Fogel

The 1,000 Shares of Stock are sold by The Priceline Group Inc. (PCLN) Insider Glenn D. Fogel

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

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