Asset Dedication LLC raised its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 1,209.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144 shares of the business services provider’s stock after purchasing an additional 133 shares during the quarter. Asset Dedication LLC’s holdings in Priceline Group were worth $251,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Harding Loevner LP raised its holdings in Priceline Group by 2,593.1% in the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after purchasing an additional 5,058,945 shares during the period. Vanguard Group Inc. increased its stake in Priceline Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after buying an additional 79,784 shares in the last quarter. Capital World Investors increased its stake in Priceline Group by 2.1% during the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after buying an additional 34,959 shares in the last quarter. Capital Research Global Investors increased its stake in Priceline Group by 7.1% during the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Priceline Group by 654.1% in the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after purchasing an additional 557,358 shares in the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.
Priceline Group Inc (PCLN) traded down $41.06 during mid-day trading on Friday, hitting $1,765.00. 1,130,101 shares of the stock were exchanged, compared to its average volume of 492,886. Priceline Group Inc has a 52 week low of $1,612.41 and a 52 week 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 cap of $86,590.00, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) 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 last year, the firm earned $29.69 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. equities research analysts expect that Priceline Group Inc will post 74.41 earnings per share for the current year.
In other Priceline Group news, CEO Gillian Tans sold 123 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock valued at $2,780,310 over the last 90 days. Insiders own 0.24% of the company’s stock.
PCLN has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $2,000.00 price objective (down from $2,200.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and issued a $1,950.00 price objective (down from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, BidaskClub cut Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,025.31.
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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