Traders sold shares of The Priceline Group Inc. (NASDAQ:PCLN) on strength during trading hours on Thursday after an insider sold shares in the company. $149.29 million flowed into the stock on the tick-up and $175.25 million flowed out of the stock on the tick-down, for a money net flow of $25.96 million out of the stock. Of all stocks tracked, The Priceline Group had the 0th highest net out-flow for the day. The Priceline Group traded up $9.67 for the day and closed at $1,512.90Specifically, insider Glenn D. Fogel sold 1,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total value of $1,434,750.00. Following the completion of the transaction, the insider now owns 25,131 shares of the company’s stock, valued at approximately $36,056,702.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 131 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total transaction of $196,496.07. Following the completion of the transaction, the chief executive officer now directly owns 5,526 shares of the company’s stock, valued at approximately $8,288,834.22. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

PCLN has been the subject of a number of analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $1,660.00 price target on shares of The Priceline Group in a report on Monday, July 25th. Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Evercore ISI assumed coverage on shares of The Priceline Group in a research report on Monday, July 25th. They issued a “hold” rating and a $1,350.00 price objective on the stock. Piper Jaffray Cos. reissued an “overweight” rating and issued a $1,625.00 price objective (up from $1,500.00) on shares of The Priceline Group in a research report on Monday, August 1st. Finally, RBC Capital Markets reissued a “buy” rating and issued a $1,600.00 price objective on shares of The Priceline Group in a research report on Monday, August 1st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,622.45.

The stock has a market capitalization of $74.50 billion, a P/E ratio of 28.67 and a beta of 1.69. The firm’s 50-day moving average price is $1,481.23 and its 200-day moving average price is $1,383.67.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Monday, November 7th. The company reported $31.18 EPS for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $25.35 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities analysts expect that The Priceline Group Inc. will post $64.44 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in The Priceline Group by 1.7% in the second quarter. Vanguard Group Inc. now owns 2,994,181 shares of the company’s stock worth $3,737,965,000 after buying an additional 51,477 shares during the period. Capital World Investors increased its position in The Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the company’s stock worth $2,322,868,000 after buying an additional 342,746 shares during the period. Capital Research Global Investors increased its position in The Priceline Group by 1.8% in the third quarter. Capital Research Global Investors now owns 1,384,305 shares of the company’s stock worth $2,036,991,000 after buying an additional 24,569 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in The Priceline Group by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,299,947 shares of the company’s stock worth $1,912,859,000 after buying an additional 13,257 shares during the period. Finally, Lone Pine Capital LLC increased its position in The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock worth $1,399,165,000 after buying an additional 329,121 shares during the period. 94.04% of the stock is currently owned by hedge funds and other institutional investors.

About The Priceline Group

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.

5 Day Chart for NASDAQ:PCLN

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