GSA Capital Partners LLP bought a new stake in The Priceline Group Inc. (NASDAQ:PCLN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,620 shares of the business services provider’s stock, valued at approximately $6,628,000. The Priceline Group comprises 0.5% of GSA Capital Partners LLP’s investment portfolio, making the stock its 4th largest position.
A number of other large investors have also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in The Priceline Group during the second quarter worth approximately $101,000. Shine Investment Advisory Services Inc. acquired a new stake in The Priceline Group during the second quarter worth approximately $105,000. Horan Capital Advisors LLC. acquired a new stake in The Priceline Group during the third quarter worth approximately $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in The Priceline Group during the second quarter worth approximately $133,000. Finally, TCI Wealth Advisors Inc. lifted its position in The Priceline Group by 8.7% during the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.
Several equities research analysts have issued reports on PCLN shares. Oppenheimer restated a “buy” rating and set a $1,950.00 price objective (down from $2,100.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. Credit Suisse Group restated an “outperform” rating and set a $2,000.00 price objective (down from $2,070.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. Morgan Stanley restated an “overweight” rating and set a $1,900.00 price objective (down from $2,100.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. Barclays restated a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research report on Wednesday, October 11th. Finally, Argus downgraded shares of The Priceline Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $1,459.49 to $1,739.71 in a research report on Friday, December 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $2,002.06.
Shares of The Priceline Group Inc. (PCLN) opened at $1,742.61 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The Priceline Group Inc. has a 1 year low of $1,459.49 and a 1 year high of $2,067.99. The firm has a market cap of $83,665.12, a P/E ratio of 23.04, a PEG ratio of 1.36 and a beta of 1.40.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the business earned $29.69 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. analysts predict that The Priceline Group Inc. will post 74.42 EPS for the current year.
In related news, Director Jan L. Docter sold 1,200 shares of The Priceline Group stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the transaction, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the completion of the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at $10,776,700. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock worth $2,790,353 over the last three months. 0.24% of the stock is currently owned by insiders.
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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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