Hartford Investment Management Co. Has $20.49 Million Position in The Priceline Group Inc. (NASDAQ:PCLN)

Hartford Investment Management Co. decreased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,955 shares of the business services provider’s stock after selling 435 shares during the period. Hartford Investment Management Co.’s holdings in The Priceline Group were worth $20,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the period. FMR LLC boosted its position in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the period. Jennison Associates LLC boosted its position in The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the period. Edgewood Management LLC boosted its position in The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares during the period. Finally, Janus Capital Management LLC boosted its position in The Priceline Group by 1.0% in the first quarter. Janus Capital Management LLC now owns 560,060 shares of the business services provider’s stock worth $996,885,000 after buying an additional 5,434 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.41% on Friday, hitting $1857.13. The stock had a trading volume of 396,085 shares. The firm has a 50 day moving average of $1,951.16 and a 200 day moving average of $1,807.68. The Priceline Group Inc. has a 12 month low of $1,392.44 and a 12 month high of $2,067.99. The stock has a market cap of $91.11 billion, a P/E ratio of 39.44 and a beta of 1.42. The Priceline Group also was the target of some unusual options trading on Tuesday. Stock investors purchased 15,301 put options on the stock. This represents an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $13.93 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/11/hartford-investment-management-co-has-20-49-million-position-in-the-priceline-group-inc-nasdaqpcln.html.

A number of research firms have recently commented on PCLN. Morgan Stanley upped their price target on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Cowen and Company restated an “outperform” rating and issued a $2,000.00 price target on shares of The Priceline Group in a report on Tuesday, May 23rd. Jefferies Group LLC restated a “buy” rating and issued a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a report on Thursday. Vetr upgraded shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price target on the stock in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co upped their price target on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,909.30.

In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total value of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the sale, the director now owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock worth $3,245,648 over the last 90 days. Company insiders own 0.42% of the company’s stock.

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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).

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

What are top analysts saying about The Priceline Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Priceline Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit