Priceline Group Director Craig W. Rydin Unloads 1,519 Shares (PCLN)
Priceline Group (NASDAQ:PCLN) Director Craig W. Rydin sold 1,519 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PCLN. 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 equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Priceline Group presently has an average rating of “Buy” and an average target price of $1,435.59.
Shares of Priceline Group (NASDAQ:PCLN) traded up 0.09% during mid-day trading on Wednesday, hitting $1272.865. The stock had a trading volume of 152,511 shares. Priceline Group has a 52 week low of $930.82 and a 52 week high of $1378.96. The stock’s 50-day moving average is $1250.81 and its 200-day moving average is $1233.43. The company has a market cap of $66.758 billion and a price-to-earnings ratio of 31.85.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, August 11th. The company reported $12.51 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $9.70 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. On average, analysts predict that Priceline Group will post $52.46 earnings per share for the current fiscal year.
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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