Creative Planning raised its position in Priceline Group Inc (NASDAQ:PCLN) by 21.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,039 shares of the business services provider’s stock after purchasing an additional 1,266 shares during the period. Creative Planning’s holdings in Priceline Group were worth $12,232,000 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. Optimum Investment Advisors grew its holdings in Priceline Group by 1.8% in the second quarter. Optimum Investment Advisors now owns 553 shares of the business services provider’s stock valued at $1,034,000 after purchasing an additional 10 shares during the last quarter. Covington Capital Management grew its holdings in Priceline Group by 1.2% in the second quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock valued at $1,605,000 after purchasing an additional 10 shares during the last quarter. Bancorpsouth Inc. grew its holdings in Priceline Group by 13.3% in the second quarter. Bancorpsouth Inc. now owns 128 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 15 shares during the last quarter. Veritable L.P. grew its holdings in Priceline Group by 1.3% in the second quarter. Veritable L.P. now owns 1,761 shares of the business services provider’s stock valued at $3,294,000 after purchasing an additional 23 shares during the last quarter. Finally, BRYN MAWR TRUST Co grew its holdings in Priceline Group by 7.9% in the second quarter. BRYN MAWR TRUST Co now owns 340 shares of the business services provider’s stock valued at $636,000 after purchasing an additional 25 shares during the last quarter. 93.97% of the stock is currently owned by institutional investors.
Several research firms have weighed in on PCLN. Zacks Investment Research lowered Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,000.00 price objective (down previously from $2,070.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup reaffirmed a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a research note on Tuesday, November 7th. UBS Group reaffirmed a “neutral” rating on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,025.31.
Shares of Priceline Group Inc (PCLN) traded down $41.06 during trading hours on Friday, reaching $1,765.00. The company’s stock had a trading volume of 1,137,502 shares, compared to its average volume of 492,886. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. Priceline Group Inc has a 12-month low of $1,612.41 and a 12-month high of $2,067.99. The firm has a market cap of $86,590.00, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.38.
Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company earned $29.69 EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. equities analysts predict that Priceline Group Inc will post 74.41 earnings per share for the current year.
In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total value of $235,546.62. Following the transaction, the chief executive officer now directly owns 5,188 shares in the company, valued at approximately $10,016,523.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the firm’s 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 $250,561.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,567 shares of company stock worth $2,780,310. Company insiders own 0.24% of the company’s stock.
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Priceline Group Company 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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