Level Four Advisory Services LLC Lowers Position in The Priceline Group Inc. (PCLN)

Level Four Advisory Services LLC trimmed its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 44.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 628 shares of the business services provider’s stock after selling 503 shares during the quarter. Level Four Advisory Services LLC’s holdings in The Priceline Group were worth $1,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCLN. Mackenzie Financial Corp acquired a new position in The Priceline Group during the 1st quarter worth approximately $34,546,000. Swiss National Bank boosted its position in The Priceline Group by 2.7% during the 2nd quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after acquiring an additional 4,800 shares during the last quarter. Pacer Advisors Inc. boosted its position in The Priceline Group by 4.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 69 shares during the last quarter. Norinchukin Bank The boosted its position in The Priceline Group by 4.0% during the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after acquiring an additional 228 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in The Priceline Group by 98.1% during the 1st quarter. Parallel Advisors LLC now owns 204 shares of the business services provider’s stock worth $383,000 after acquiring an additional 101 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on PCLN shares. Barclays PLC reaffirmed a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Wednesday, October 11th. UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $2,150.00 price target on The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. One equities research 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,961.00.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The disclosure for this sale can be found here. Insiders have sold a total of 2,745 shares of company stock worth $5,146,245 in the last ninety days. Insiders own 0.24% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.25% on Tuesday, reaching $1930.76. The company’s stock had a trading volume of 118,311 shares. The firm has a market cap of $94.72 billion, a price-to-earnings ratio of 41.01 and a beta of 1.47. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The firm has a 50 day moving average of $1,860.53 and a 200 day moving average of $1,866.56.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts anticipate that The Priceline Group Inc. will post $74.79 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Level Four Advisory Services LLC Lowers Position in The Priceline Group Inc. (PCLN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/17/level-four-advisory-services-llc-lowers-position-in-

A number of other hedge funds and other institutional investors have also bought and sold shares of PCLN. Mackenzie Financial Corp acquired a new position in The Priceline Group during the 1st quarter worth approximately $34,546,000. Swiss National Bank boosted its position in The Priceline Group by 2.7% during the 2nd quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after acquiring an additional 4,800 shares during the last quarter. Pacer Advisors Inc. boosted its position in The Priceline Group by 4.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock worth $3,081,000 after acquiring an additional 69 shares during the last quarter. Norinchukin Bank The boosted its position in The Priceline Group by 4.0% during the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after acquiring an additional 228 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in The Priceline Group by 98.1% during the 1st quarter. Parallel Advisors LLC now owns 204 shares of the business services provider’s stock worth $383,000 after acquiring an additional 101 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on PCLN shares. Barclays PLC reaffirmed a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Wednesday, October 11th. UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $2,150.00 price target on The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. One equities research 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,961.00.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The disclosure for this sale can be found here. Insiders have sold a total of 2,745 shares of company stock worth $5,146,245 in the last ninety days. Insiders own 0.24% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.25% on Tuesday, reaching $1930.76. The company’s stock had a trading volume of 118,311 shares. The firm has a market cap of $94.72 billion, a price-to-earnings ratio of 41.01 and a beta of 1.47. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The firm has a 50 day moving average of $1,860.53 and a 200 day moving average of $1,866.56.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts anticipate that The Priceline Group Inc. will post $74.79 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Level Four Advisory Services LLC Lowers Position in The Priceline Group Inc. (PCLN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/17/level-four-advisory-services-llc-lowers-position-in-the-priceline-group-inc-pcln.html.

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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Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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