Rhumbline Advisers lifted its position in The Priceline Group Inc. (NASDAQ:PCLN) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,329 shares of the business services provider’s stock after buying an additional 776 shares during the quarter. Rhumbline Advisers owned about 0.17% of The Priceline Group worth $148,899,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of PCLN. Vanguard Group Inc. increased its position in The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after acquiring an additional 79,784 shares during the period. Capital World Investors increased its position in The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after acquiring an additional 34,959 shares during the period. Capital Research Global Investors increased its position in The Priceline Group by 7.1% during the second 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 period. Harbour Capital Advisors LLC increased its position in The Priceline Group by 210,283.2% during the second 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 period. Finally, Jennison Associates LLC increased its position in The Priceline Group by 6.4% during the second quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock worth $1,613,834,000 after acquiring an additional 52,133 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.
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A number of equities analysts recently issued reports on PCLN shares. Morgan Stanley boosted their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,300.00 target price (up previously from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $1,950.00 target price (down previously from $2,100.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. UBS AG reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday, August 10th. Finally, MKM Partners reissued a “buy” rating and issued a $2,225.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $2,020.52.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up $24.90 during trading hours on Monday, hitting $1,722.15. 505,761 shares of the company were exchanged, compared to its average volume of 459,039. The firm has a market cap of $83,270.00, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. 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 posted its 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. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the prior year, the business earned $29.69 EPS. The Priceline Group’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities analysts anticipate that The Priceline Group Inc. will post 74.44 earnings per share for the current year.
In related news, CEO Gillian Tans sold 122 shares of the 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 transaction of $236,680.00. Following the completion of the sale, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 367 shares of company stock valued at $693,175. 0.24% of the stock is owned by company insiders.
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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