Insider Selling: Priceline Group Director Sells 1,519 Shares of Stock (PCLN)
Priceline Group (NASDAQ:PCLN) Director Craig W. Rydin unloaded 1,519 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $1,282.60, for a total transaction of $1,948,269.40. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $1,346,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Priceline Group (NASDAQ:PCLN) traded up 0.48% during mid-day trading on Monday, hitting $1276.1801. 601,638 shares of the company’s stock traded hands. Priceline Group has a 1-year low of $930.82 and a 1-year high of $1378.96. The stock’s 50-day moving average is $1246. and its 200-day moving average is $1230.. The company has a market cap of $66.932 billion and a price-to-earnings ratio of 31.81.
Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, August 11th. The company reported $12.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $12.02 by $0.49. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company posted $9.70 earnings per share. Priceline Group’s revenue was up 26.4% compared to the same quarter last year. On average, analysts predict that Priceline Group will post $52.40 earnings per share for the current fiscal year.
PCLN has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Priceline Group in a research note on Wednesday, August 13th. They set a “buy” rating and a $1,600.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Priceline Group in a research note on Tuesday, August 12th. They now have a $1,375.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Priceline Group in a research note on Tuesday, August 12th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,435.59.
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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