Insider Selling: The Priceline Group Inc. (PCLN) CEO Sells 122 Shares of Stock
The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 122 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the transaction, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gillian Tans also recently made the following trade(s):
- On Monday, April 17th, Gillian Tans sold 122 shares of The Priceline Group stock. The shares were sold at an average price of $1,743.00, for a total transaction of $212,646.00.
Shares of The Priceline Group Inc. (PCLN) traded up 2.72% during mid-day trading on Monday, hitting $1851.60. 562,443 shares of the company traded hands. The firm has a 50-day moving average price of $1,853.15 and a 200 day moving average price of $1,693.08. The Priceline Group Inc. has a 52-week low of $1,148.06 and a 52-week high of $1,927.13. The firm has a market cap of $90.99 billion, a price-to-earnings ratio of 41.80 and a beta of 1.41.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, topping the consensus estimate of $8.83 by $1.05. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.54 earnings per share. Equities research analysts anticipate that The Priceline Group Inc. will post $73.68 EPS for the current fiscal year.
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A number of research analysts recently commented on the stock. Vetr raised shares of The Priceline Group from a “sell” rating to a “hold” rating and set a $1,759.00 target price on the stock in a research report on Monday, April 3rd. Credit Suisse Group set a $1,935.00 price target on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Saturday, April 8th. Stifel Nicolaus reiterated a “buy” rating and set a $2,100.00 price target (up previously from $1,900.00) on shares of The Priceline Group in a research note on Tuesday, February 28th. Cantor Fitzgerald increased their price target on shares of The Priceline Group to $1,850.00 in a research note on Tuesday, February 28th. Finally, Jefferies Group LLC increased their price target on shares of The Priceline Group from $1,800.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Tuesday, February 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,928.36.
A number of large investors have recently bought and sold shares of the company. Dodge & Cox bought a new stake in The Priceline Group during the fourth quarter valued at $1,173,150,000. Norges Bank bought a new stake in The Priceline Group during the fourth quarter valued at $522,294,000. Renaissance Technologies LLC bought a new stake in The Priceline Group during the first quarter valued at $358,128,000. C WorldWide Group Holding A S bought a new stake in The Priceline Group during the first quarter valued at $189,324,000. Finally, Vanguard Group Inc. increased its stake in The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after buying an additional 93,992 shares during the last quarter. 96.75% of the stock is owned by institutional investors and hedge funds.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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