Public Employees Retirement System of Ohio lifted its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,223 shares of the business services provider’s stock after acquiring an additional 125 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of The Priceline Group worth $73,641,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PCLN. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group during the second quarter valued at $101,000. Horan Capital Advisors LLC. bought a new stake in The Priceline Group during the third quarter valued at $103,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the second quarter valued at $105,000. Mountain Capital Investment Advisors Inc bought a new stake in The Priceline Group during the second quarter valued at $133,000. Finally, TCI Wealth Advisors Inc. boosted its stake 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 valued at $140,000 after buying an additional 6 shares during the period. 94.68% of the stock is owned by hedge funds and other institutional investors.
PCLN has been the subject of several research analyst reports. UBS reissued an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America reissued a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Tuesday, September 26th. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 price objective (up previously from $2,050.00) on shares of The Priceline Group in a research note on Monday, October 2nd. SunTrust Banks reissued a “buy” rating and set a $2,200.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Barclays reissued a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,002.06.
Shares of The Priceline Group Inc. (PCLN) opened at $1,760.92 on Friday. The Priceline Group Inc. has a 12-month low of $1,459.49 and a 12-month high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The firm has a market capitalization of $85,490.00, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.37 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 the Zacks’ consensus estimate of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the business posted $29.69 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. equities research analysts forecast that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jan L. Docter sold 1,200 shares of The Priceline Group stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,445 shares of company stock worth $2,565,145. Company insiders own 0.24% of the company’s stock.
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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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