Washington Trust Bank increased its holdings in shares of Priceline Group Inc (NASDAQ:PCLN) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,251 shares of the business services provider’s stock after buying an additional 135 shares during the period. Washington Trust Bank’s holdings in Priceline Group were worth $5,649,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in PCLN. Harvest Fund Management Co. Ltd purchased a new position in shares of Priceline Group in the 2nd quarter valued at $101,000. Horan Capital Advisors LLC. purchased a new position in shares of Priceline Group in the 3rd quarter valued at $103,000. Mountain Capital Investment Advisors Inc acquired a new stake in Priceline Group during the 2nd quarter worth $133,000. TCI Wealth Advisors Inc. boosted its stake in Priceline Group by 8.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Priceline Group during the 2nd quarter worth $187,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Vetr cut shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 target price for the company. in a research note on Monday. Oppenheimer raised their target price on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America reiterated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a report on Tuesday, September 26th. Finally, Guggenheim downgraded shares of Priceline Group from a “buy” rating to a “neutral” rating in a report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2,010.80.
In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the sale, the director now owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,781,444 over the last three months. 0.24% of the stock is owned by corporate insiders.
Priceline Group Inc (NASDAQ:PCLN) traded up $5.12 during mid-day trading on Wednesday, reaching $1,870.41. 180,742 shares of the company traded hands, compared to its average volume of 401,040. Priceline Group Inc has a 1-year low of $1,516.00 and a 1-year high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $91,760.00, a P/E ratio of 26.21, a P/E/G ratio of 1.28 and a beta of 1.39.
Priceline Group (NASDAQ:PCLN) last issued 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. 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 prior year, the company earned $29.69 EPS. Priceline Group’s revenue was up 20.1% on a year-over-year basis. sell-side analysts expect that Priceline Group Inc will post 74.42 EPS for the current fiscal year.
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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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