ProVise Management Group LLC lowered its position in The Priceline Group Inc. (NASDAQ:PCLN) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,728 shares of the business services provider’s stock after selling 116 shares during the period. ProVise Management Group LLC’s holdings in The Priceline Group were worth $3,164,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of PCLN. Barings LLC grew its holdings in shares of The Priceline Group by 25.8% in the first quarter. Barings LLC now owns 1,547 shares of the business services provider’s stock worth $2,754,000 after acquiring an additional 317 shares during the period. Marshall & Sullivan Inc. WA grew its holdings in The Priceline Group by 3.1% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,419 shares of the business services provider’s stock valued at $2,580,000 after purchasing an additional 43 shares during the period. Gareth Morgan Investments Limited Partnership bought a new stake in The Priceline Group during the first quarter valued at about $5,877,000. HighTower Advisors LLC grew its holdings in The Priceline Group by 15.3% during the first quarter. HighTower Advisors LLC now owns 5,816 shares of the business services provider’s stock valued at $10,399,000 after purchasing an additional 771 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in The Priceline Group during the first quarter valued at about $828,000. 95.22% of the stock is owned by institutional investors.
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Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up $6.80 during mid-day trading on Tuesday, reaching $1,754.02. The company’s stock had a trading volume of 513,200 shares, compared to its average volume of 460,573. The Priceline Group Inc. has a fifty-two week low of $1,459.49 and a fifty-two week high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $86,270.00, a P/E ratio of 23.47, a PEG ratio of 1.38 and a beta of 1.43.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business posted $29.69 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. equities research analysts expect that The Priceline Group Inc. will post 74.42 earnings per share for the current fiscal year.
Several analysts have issued reports on PCLN shares. Deutsche Bank AG reissued a “hold” rating and set a $2,050.00 price target on shares of The Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $2,000.00 price target on shares of The Priceline Group in a report on Tuesday, November 7th. Barclays PLC reissued a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a report on Wednesday, October 11th. Stifel Nicolaus cut their price target on The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and an average target price of $2,020.52.
In other news, CEO Gillian Tans sold 122 shares of the company’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 transaction 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 legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 367 shares of company stock worth $672,929. Insiders own 0.24% of the company’s stock.
The 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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