Hosking Partners LLP boosted its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,630 shares of the business services provider’s stock after purchasing an additional 716 shares during the period. The Priceline Group makes up approximately 2.2% of Hosking Partners LLP’s holdings, making the stock its 10th largest position. Hosking Partners LLP owned about 0.09% of The Priceline Group worth $83,481,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group in the 2nd quarter worth approximately $105,000. Webster Bank N. A. boosted its stake in shares of The Priceline Group by 24.0% during the 1st quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after acquiring an additional 12 shares during the last quarter. Assetmark Inc. boosted its stake in shares of The Priceline Group by 12.5% during the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after acquiring an additional 7 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of The Priceline Group during the 2nd quarter worth $112,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of The Priceline Group during the 1st quarter worth $123,000. 94.53% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on PCLN shares. BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Morgan Stanley lifted their price target on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research cut shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Credit Suisse Group set a $2,150.00 price target on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company reiterated an “outperform” rating and set a $2,000.00 price target on shares of The Priceline Group in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,924.32.
Shares of The Priceline Group Inc. (PCLN) traded down 0.11% during trading on Friday, reaching $1843.20. 379,783 shares of the company traded hands. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The stock has a market capitalization of $90.43 billion, a PE ratio of 39.15 and a beta of 1.47. The firm has a 50 day moving average of $1,882.74 and a 200 day moving average of $1,847.92.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts predict that The Priceline Group Inc. will post $74.70 EPS for the current year.
In related news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,745 shares of company stock valued at $5,158,872. 0.42% of the stock is owned by company insiders.
The Priceline Group Profile
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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