Priceline Group Director Sells $2,393,940 in Stock (PCLN)
Priceline Group (NASDAQ:PCLN) Director Jeffrey E. Epstein sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,196.97, for a total transaction of $2,393,940.00. Following the sale, the director now directly owns 9,338 shares of the company’s stock, valued at approximately $11,177,306. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Priceline Group (NASDAQ:PCLN) traded up 1.70% during mid-day trading on Wednesday, hitting $1216.88. 721,967 shares of the company’s stock traded hands. Priceline Group has a one year low of $791.15 and a one year high of $1378.96. The stock’s 50-day moving average is $1197. and its 200-day moving average is $1211.. The company has a market cap of $63.803 billion and a price-to-earnings ratio of 31.93.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $7.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.91 by $0.90. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $5.76 earnings per share. Priceline Group’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that Priceline Group will post $52.24 earnings per share for the current fiscal year.
A number of research firms have recently commented on PCLN. Analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Friday, May 9th. They now have a $1,163.00 price target on the stock. Analysts at Raymond James upgraded shares of Priceline Group from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,337.12.
Priceline Group Inc, formerly Priceline Com Incorporated, incorporated on July 30, 1998, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.