Homrich & Berg cut its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 60.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 162 shares of the business services provider’s stock after selling 251 shares during the period. Homrich & Berg’s holdings in Priceline Group were worth $282,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of PCLN. Horan Capital Advisors LLC. purchased a new stake in shares of Priceline Group in the third quarter valued at about $103,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Priceline Group in the fourth quarter valued at about $123,000. Fieldpoint Private Securities LLC grew its holdings in shares of Priceline Group by 626.7% in the third quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 94 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Priceline Group in the fourth quarter valued at about $200,000. Finally, Adviser Investments LLC purchased a new stake in shares of Priceline Group in the third quarter valued at about $201,000. Institutional investors own 92.88% of the company’s stock.
Priceline Group Inc (PCLN) opened at $1,894.62 on Wednesday. The company has a market cap of $91,930.58, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.40 and a beta of 1.38. Priceline Group Inc has a one year low of $1,612.41 and a one 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.
PCLN has been the topic of a number of recent analyst reports. Credit Suisse Group raised shares of Priceline Group to a “buy” rating in a research report on Wednesday, February 7th. Vetr raised shares of Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 target price on the stock in a research report on Tuesday, January 30th. Wells Fargo & Co upped their target price on shares of Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. JMP Securities upped their target price on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, BidaskClub cut shares of Priceline Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,025.31.
In other Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the transaction, the chief executive officer now directly owns 5,310 shares in the company, valued at $9,414,311.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 367 shares of company stock worth $679,501 over the last quarter. 0.24% of the stock is currently owned by insiders.
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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