Fiduciary Trust Co. lowered its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193 shares of the business services provider’s stock after selling 6 shares during the period. Fiduciary Trust Co.’s holdings in The Priceline Group were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in The Priceline Group during the second quarter worth about $105,000. Capital Advisors Ltd. LLC purchased a new stake in The Priceline Group during the second quarter worth about $112,000. Webster Bank N. A. boosted its holdings in The Priceline Group by 24.0% during the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. boosted its holdings in The Priceline Group by 12.5% during the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in The Priceline Group during the first quarter worth about $123,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.
The Priceline Group Inc. (NASDAQ:PCLN) opened at 1838.57 on Monday. The firm has a market cap of $90.20 billion, a price-to-earnings ratio of 39.05 and a beta of 1.47. The company’s 50-day moving average is $1,904.89 and its 200 day moving average is $1,840.08. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $13.93 earnings per share. On average, equities research analysts predict that The Priceline Group Inc. will post $74.70 earnings per share for the current year.
In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock worth $5,380,180 in the last quarter. Corporate insiders own 0.42% of the company’s stock.
PCLN has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $2,250.00 price objective on shares of The Priceline Group in a report on Friday, August 4th. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price objective on the stock in a report on Wednesday, May 17th. MKM Partners reissued a “buy” rating and set a $2,050.00 price objective (up previously from $2,030.00) on shares of The Priceline Group in a report on Wednesday, May 17th. Finally, Benchmark Co. reissued a “buy” rating and set a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a report on Sunday, May 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,924.32.
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About The Priceline Group
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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