Arbor Wealth Management LLC Purchases Shares of 470 Priceline Group Inc (PCLN)

Arbor Wealth Management LLC bought a new stake in Priceline Group Inc (NASDAQ:PCLN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 470 shares of the business services provider’s stock, valued at approximately $808,000.

Several other institutional investors also recently modified their holdings of PCLN. Pinnacle Associates Ltd. grew its position in Priceline Group by 0.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 3 shares during the last quarter. Winfield Associates Inc. boosted its holdings in shares of Priceline Group by 0.4% in the second quarter. Winfield Associates Inc. now owns 1,340 shares of the business services provider’s stock valued at $2,507,000 after acquiring an additional 5 shares in the last quarter. New Amsterdam Partners LLC NY boosted its holdings in shares of Priceline Group by 1.5% in the second quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 5 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Priceline Group by 0.8% in the second quarter. Oppenheimer & Co. Inc. now owns 600 shares of the business services provider’s stock valued at $1,122,000 after acquiring an additional 5 shares in the last quarter. Finally, Argent Trust Co boosted its holdings in shares of Priceline Group by 0.7% in the second quarter. Argent Trust Co now owns 767 shares of the business services provider’s stock valued at $1,434,000 after acquiring an additional 5 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

Shares of Priceline Group Inc (NASDAQ PCLN) traded up $47.01 during midday trading on Tuesday, reaching $1,784.75. 475,542 shares of the company were exchanged, compared to its average volume of 392,967. The firm has a market capitalization of $87,560.00, a PE ratio of 25.01, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. Priceline Group Inc has a 52-week low of $1,459.49 and a 52-week high of $2,067.99.

Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $29.69 earnings per share. analysts forecast that Priceline Group Inc will post 74.42 EPS for the current year.

PCLN has been the subject of a number of research reports. Citigroup restated a “buy” rating and set a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, November 7th. Stifel Nicolaus reduced their target price on shares of 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. Needham & Company LLC restated a “buy” rating and issued a $2,000.00 price target (down previously from $2,200.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Barclays restated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Wednesday, October 11th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $2,200.00 target price on shares of Priceline Group in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,002.06.

In other news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the completion of the sale, the chief executive officer now directly owns 5,310 shares in the company, valued at approximately $9,414,311.40. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock valued at $2,781,444 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Arbor Wealth Management LLC Purchases Shares of 470 Priceline Group Inc (PCLN)” was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.truebluetribune.com/2018/01/03/arbor-wealth-management-llc-takes-808000-position-in-the-priceline-group-inc-pcln.html.

About 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.

Institutional Ownership by Quarter for Priceline Group (NASDAQ:PCLN)

Receive News & Ratings for Priceline Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Priceline Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply