The Priceline Group Inc. (PCLN) CEO Sells $189,982.75 in Stock
The Priceline Group Inc. (NASDAQ:PCLN) CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $1,450.25, for a total transaction of $189,982.75. Following the transaction, the chief executive officer now owns 5,657 shares in the company, valued at approximately $8,204,064.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Gillian Tans also recently made the following trade(s):
- On Thursday, September 15th, Gillian Tans sold 130 shares of The Priceline Group stock. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.13% during trading on Monday, hitting $1437.65. 263,753 shares of the company’s stock were exchanged. The stock has a market cap of $71.06 billion, a PE ratio of 27.34 and a beta of 1.62. The stock’s 50-day moving average price is $1,450.31 and its 200-day moving average price is $1,353.88. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,501.79.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Thursday, August 4th. The company reported $13.93 EPS for the quarter, topping analysts’ consensus estimates of $12.69 by $1.24. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the firm earned $12.45 earnings per share. The Priceline Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that The Priceline Group Inc. will post $68.57 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on PCLN. Deutsche Bank AG restated a “hold” rating on shares of The Priceline Group in a report on Sunday, July 10th. Tigress Financial restated a “buy” rating on shares of The Priceline Group in a report on Thursday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,600.00 target price on shares of The Priceline Group in a report on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and issued a $1,660.00 target price on shares of The Priceline Group in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Priceline Group in a report on Friday, August 5th. Six equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,538.19.
A number of institutional investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co raised its position in The Priceline Group by 2.7% in the third quarter. Pennsylvania Trust Co now owns 491 shares of the company’s stock worth $723,000 after buying an additional 13 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of The Priceline Group by 4.1% in the third quarter. Callahan Advisors LLC now owns 4,413 shares of the company’s stock worth $6,494,000 after buying an additional 174 shares during the last quarter. National Pension Service increased its stake in shares of The Priceline Group by 8.7% in the third quarter. National Pension Service now owns 32,341 shares of the company’s stock worth $47,589,000 after buying an additional 2,583 shares during the last quarter. Highland Capital Management LLC purchased a new stake in shares of The Priceline Group during the third quarter worth about $1,018,000. Finally, Capstone Asset Management Co. increased its stake in shares of The Priceline Group by 1.3% in the third quarter. Capstone Asset Management Co. now owns 4,595 shares of the company’s stock worth $6,761,000 after buying an additional 58 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.
The Priceline Group Company Profile
The Priceline Group Inc is a provider of travel and restaurant 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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