EULAV Asset Management maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,600 shares of the company’s stock at the end of the third quarter. EULAV Asset Management’s holdings in The Priceline Group were worth $6,769,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of PCLN. Tiedemann Wealth Management LLC acquired a new position in The Priceline Group during the third quarter worth approximately $136,000. Global X Management Co. LLC boosted its position in The Priceline Group by 416.7% in the second quarter. Global X Management Co. LLC now owns 93 shares of the company’s stock worth $116,000 after buying an additional 75 shares during the last quarter. First Manhattan Co. boosted its position in The Priceline Group by 233.3% in the third quarter. First Manhattan Co. now owns 100 shares of the company’s stock worth $147,000 after buying an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in The Priceline Group by 1.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 106 shares of the company’s stock worth $156,000 after buying an additional 2 shares during the last quarter. Finally, BKS Advisors LLC acquired a new position in The Priceline Group during the third quarter worth approximately $178,000. Institutional investors and hedge funds own 94.21% of the company’s stock.
The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.05% during midday trading on Wednesday, hitting $1535.95. 143,010 shares of the company were exchanged. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93. The firm has a market capitalization of $75.79 billion, a PE ratio of 39.21 and a beta of 1.65. The stock has a 50 day moving average of $1,506.48 and a 200 day moving average of $1,435.06.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $29.88 by $1.30. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $25.35 EPS. On average, equities analysts predict that The Priceline Group Inc. will post $64.62 earnings per share for the current fiscal year.
PCLN has been the subject of a number of analyst reports. Raymond James Financial, Inc. set a $1,700.00 price target on shares of The Priceline Group and gave the company a “buy” rating in a research report on Tuesday, November 8th. Stifel Nicolaus upgraded shares of The Priceline Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,650.00 to $1,900.00 in a research report on Thursday, November 10th. CLSA reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, December 7th. Vetr upgraded shares of The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 price target for the company in a research report on Thursday, November 10th. Finally, Credit Suisse Group initiated coverage on shares of The Priceline Group in a research report on Wednesday. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The Priceline Group presently has a consensus rating of “Buy” and a consensus price target of $1,642.28.
In other The Priceline Group news, CEO Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $1,488.76, for a total value of $1,488,760.00. Following the sale, the chief executive officer now owns 21,891 shares of the company’s stock, valued at approximately $32,590,445.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $1,450.25, for a total transaction of $189,982.75. Following the completion of the sale, the chief executive officer now directly owns 5,657 shares in the company, valued at approximately $8,204,064.25. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.
The Priceline Group Company Profile
The Priceline Group Inc is a provider of travel and restaurant 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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