Priceline Group Director Unloads $3,684,000 in Stock (PCLN)
Priceline Group (NASDAQ:PCLN) Director Jeffery H. Boyd unloaded 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,228.00, for a total value of $3,684,000.00. Following the transaction, the director now directly owns 194,125 shares in the company, valued at approximately $238,385,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Priceline Group (NASDAQ:PCLN) traded down 0.60% during mid-day trading on Wednesday, hitting $1223.65. 577,267 shares of the company’s stock traded hands. Priceline Group has a 52-week low of $875.19 and a 52-week high of $1378.96. The stock’s 50-day moving average is $1231.68 and its 200-day moving average is $1216.. The company has a market cap of $64.158 billion and a P/E ratio of 32.85.
Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data 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 in the prior year, the company posted $5.76 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts expect that Priceline Group will post $52.23 EPS for the current fiscal year.
PCLN has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of Priceline Group in a research note on Monday, June 30th. They set an “outperform” rating and a $1,450.00 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Priceline Group in a research note on Friday, June 27th. They set a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Thursday, June 26th. They now have a $1,283.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,367.30.
Priceline Group Inc, formerly Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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