Handelsbanken Fonder AB boosted its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 16.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,760 shares of the business services provider’s stock after buying an additional 3,200 shares during the period. Handelsbanken Fonder AB’s holdings in The Priceline Group were worth $42,573,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. raised its stake in The Priceline Group by 4.8% in the first quarter. Deane Retirement Strategies Inc. now owns 1,198 shares of the business services provider’s stock valued at $2,133,000 after buying an additional 55 shares in the last quarter. Cohen Lawrence B raised its stake in The Priceline Group by 1.1% in the first quarter. Cohen Lawrence B now owns 1,856 shares of the business services provider’s stock valued at $3,304,000 after buying an additional 21 shares in the last quarter. Rosenbaum Jay D. raised its stake in The Priceline Group by 1.6% in the first quarter. Rosenbaum Jay D. now owns 505 shares of the business services provider’s stock valued at $899,000 after buying an additional 8 shares in the last quarter. Moreno Evelyn V raised its stake in The Priceline Group by 7.7% in the first quarter. Moreno Evelyn V now owns 5,036 shares of the business services provider’s stock valued at $8,964,000 after buying an additional 358 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in The Priceline Group by 0.4% in the first quarter. Bridges Investment Management Inc. now owns 6,927 shares of the business services provider’s stock valued at $12,330,000 after buying an additional 28 shares in the last quarter. 95.01% of the stock is owned by institutional investors.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up 0.25% during midday trading on Friday, reaching $1854.17. The company’s stock had a trading volume of 620,703 shares. The firm has a market capitalization of $90.96 billion, a price-to-earnings ratio of 39.38 and a beta of 1.42. The firm’s 50 day moving average is $1,950.91 and its 200 day moving average is $1,809.82. The Priceline Group Inc. has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The Priceline Group also saw unusually large options trading on Tuesday. Stock investors bought 15,301 put options on the company. This represents an increase of approximately 209% compared to the typical daily 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 EPS for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.93 earnings per share. Equities analysts forecast that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.
Several equities research analysts recently issued reports on PCLN shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $2,000.00 target price (up from $1,860.00) on shares of The Priceline Group in a report on Thursday, April 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,850.00 target price on shares of The Priceline Group in a report on Monday, April 17th. Macquarie set a $1,970.00 target price on shares of The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, April 18th. Cowen and Company upped their price target on The Priceline Group from $1,850.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 19th. Finally, Credit Suisse Group upped their price target on The Priceline Group from $1,925.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,909.30.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now owns 346 shares in the company, valued at $642,753.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,744 shares of company stock worth $3,245,648. 0.42% of the stock is currently owned by insiders.
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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