Priceline (PCLN) is Downgraded by Raymond James to Outperform

Priceline (PCLN) is Downgraded by Raymond James to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Strong Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

The Priceline Group Inc. is up 2.23% in the last 3-month period. Year-to-Date the stock performance stands at 11.82%.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) appreciated by 0.15% during the past week but lost 1.96% on a 4-week basis. In the past week, the shares have outperformed the S&P 500 by 0.98% and the outperformance increases to 0.33% for the last 4 weeks.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) ended Thursday session in red amid volatile trading. The shares closed down 14.21 points or 1.1% at $1274.95 with 337,743 shares getting traded. Post opening the session at $1285.58, the shares hit an intraday low of $1271.51 and an intraday high of $1287.9 and the price vacillated in this range throughout the day. The company has a market cap of $63,472 million and the number of outstanding shares have been calculated to be 49,783,883 shares. The 52-week high of The Priceline Group Inc. (NASDAQ:PCLN) is $1476.515 and the 52-week low is $990.6906.

Currently the company Insiders own 0.41% of The Priceline Group Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.57% . Institutional Investors own 91.53% of The Priceline Group Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -21.78%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Boyd Jeffery H, director of Priceline Group Inc., unloaded 3,000 shares at an average price of $1313.09 on December 15, 2015. The total amount of the transaction was worth $3,939,270, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.com, priceline.com and Agoda brands. In the United States, the Company also offers its customers reservations for car rentals, airline tickets, vacation packages, destination services and cruises through the priceline.com brand. It offers car rental reservations worldwide through rentalcars.com. On May 2013, the Company acquired Kayak Software Corp. In June 2014, Priceline Group Inc acquired buuteeq, Inc. Effective July 24, 2014, Priceline Group Inc (Priceline) acquired OpenTable Inc (OpenTable).