The Priceline Group Inc. (NASDAQ:PCLN) Stake Reduced by Washington Trust Bank

Washington Trust Bank decreased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,581 shares of the business services provider’s stock after selling 62 shares during the period. Washington Trust Bank’s holdings in The Priceline Group were worth $2,957,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its stake in shares of The Priceline Group by 4.1% in the first quarter. Capital Advisors Inc. OK now owns 6,556 shares of the business services provider’s stock worth $11,669,000 after buying an additional 256 shares during the period. Pinnacle Bank acquired a new stake in shares of The Priceline Group during the first quarter worth about $178,000. Mackenzie Financial Corp purchased a new position in shares of The Priceline Group during the first quarter worth $34,546,000. Carderock Capital Management Inc. boosted its position in shares of The Priceline Group by 163.3% in the first quarter. Carderock Capital Management Inc. now owns 1,659 shares of the business services provider’s stock worth $2,952,000 after buying an additional 1,029 shares in the last quarter. Finally, Atria Investments LLC boosted its position in shares of The Priceline Group by 1.2% in the first quarter. Atria Investments LLC now owns 1,209 shares of the business services provider’s stock worth $2,152,000 after buying an additional 14 shares in the last quarter. Institutional investors own 95.22% of the company’s stock.

The Priceline Group Inc. (PCLN) traded down 0.16% during trading on Friday, reaching $1810.00. The company had a trading volume of 486,075 shares. The company has a market capitalization of $88.80 billion, a PE ratio of 38.44 and a beta of 1.42. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99. The stock has a 50 day moving average price of $1,946.27 and a 200-day moving average price of $1,818.99.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $13.93 EPS. The company’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that The Priceline Group Inc. will post $74.77 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.com-unik.info/2017/08/19/the-priceline-group-inc-nasdaqpcln-shares-sold-by-washington-trust-bank-updated-updated.html.

A number of brokerages recently weighed in on PCLN. UBS AG reissued a “buy” rating and set a $2,100.00 price objective (up from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Royal Bank Of Canada lifted their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Macquarie lifted their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research note on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,924.32.

In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the sale, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,367 shares of company stock valued at $8,166,685. 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.

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