C WorldWide Group Holding A S boosted its position in The Priceline Group Inc. (NASDAQ:PCLN) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,408 shares of the business services provider’s stock after purchasing an additional 3,097 shares during the quarter. The Priceline Group comprises approximately 2.8% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 13th largest position. C WorldWide Group Holding A S owned about 0.22% of The Priceline Group worth $196,645,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC increased its stake in shares of The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after acquiring an additional 977,817 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of The Priceline Group by 654.1% in the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after acquiring an additional 557,358 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of The Priceline Group in the 1st quarter worth $358,128,000. Capital Research Global Investors increased its stake in shares of The Priceline Group by 7.1% in 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 acquiring an additional 108,187 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of The Priceline Group in the 3rd quarter worth $174,056,000. 94.44% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 367 shares of company stock worth $693,175. Corporate insiders own 0.24% of the company’s stock.
A number of analysts recently issued reports on PCLN shares. Guggenheim downgraded The Priceline Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada raised their price objective on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Citigroup Inc. reissued a “buy” rating and set a $2,050.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 7th. UBS AG reissued a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $2,020.52.
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The Priceline Group Inc. (NASDAQ:PCLN) traded down $5.89 during trading hours on Friday, hitting $1,697.25. The stock had a trading volume of 725,500 shares, compared to its average volume of 657,835. The firm has a market capitalization of $82,774.88, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.20 and a current ratio of 2.52. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last released its 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. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $29.69 earnings per share. analysts expect that The Priceline Group Inc. will post 74.44 earnings per share for the current fiscal year.
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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