Security Asset Management reduced its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,273 shares of the business services provider’s stock after selling 50 shares during the period. The Priceline Group comprises approximately 1.8% of Security Asset Management’s portfolio, making the stock its 22nd biggest holding. Security Asset Management’s holdings in The Priceline Group were worth $2,331,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Harbour Capital Advisors LLC grew its holdings in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of The Priceline Group by 654.1% in the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after purchasing an additional 557,358 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of The Priceline Group in the first quarter worth approximately $358,128,000. Capital Research Global Investors grew its holdings in shares of The Priceline Group by 7.1% in 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 purchasing an additional 108,187 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in shares of The Priceline Group in the third quarter worth approximately $174,056,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
The Priceline Group Inc. (NASDAQ PCLN) traded up $21.85 during trading on Monday, hitting $1,719.10. The company’s stock had a trading volume of 298,403 shares, compared to its average volume of 459,039. The company has a market cap of $83,270.00, a P/E ratio of 22.80, a P/E/G ratio of 1.34 and a beta of 1.43. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.
The Priceline Group (NASDAQ:PCLN) last released its quarterly 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 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 the consensus estimate of $4.34 billion. During the same period in the previous year, the company posted $29.69 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. equities research analysts forecast that The Priceline Group Inc. will post 74.44 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares of the company’s stock, valued at approximately $10,479,571.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 367 shares of company stock worth $693,175. Insiders own 0.24% of the company’s stock.
Several research analysts have recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and issued a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research note on Monday, October 2nd. UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Royal Bank Of Canada raised their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2,020.52.
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The Priceline Group 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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