Timucuan Asset Management Inc. FL boosted its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 0.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 63,582 shares of the business services provider’s stock after acquiring an additional 476 shares during the period. The Priceline Group accounts for 11.2% of Timucuan Asset Management Inc. FL’s portfolio, making the stock its 3rd largest position. Timucuan Asset Management Inc. FL owned 0.13% of The Priceline Group worth $118,931,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of The Priceline Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after buying an additional 79,784 shares during the period. FMR LLC grew its holdings in shares of The Priceline Group by 3.8% in the 1st quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares during the period. Capital World Investors grew its holdings in shares of The Priceline Group by 2.1% in the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after buying an additional 34,959 shares during the period. Capital Research Global Investors grew its holdings in shares of The Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after buying an additional 108,187 shares during the period. Finally, Harbour Capital Advisors LLC grew its holdings in shares of The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after buying an additional 977,817 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the sale, the chief executive officer now owns 5,677 shares in the company, valued at approximately $10,479,571.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jan L. Docter sold 2,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were 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 owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,867 shares of company stock valued at $5,384,080. Company insiders own 0.24% of the company’s stock.
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Shares of The Priceline Group Inc. (NASDAQ PCLN) traded down 0.45% during midday trading on Tuesday, hitting $1918.29. 193,450 shares of the stock were exchanged. The stock has a market capitalization of $94.11 billion, a price-to-earnings ratio of 40.74 and a beta of 1.47. The Priceline Group Inc. has a 1-year low of $1,422.19 and a 1-year high of $2,067.99. The firm’s 50 day moving average is $1,846.14 and its 200-day moving average is $1,862.31.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $13.93 EPS. On average, analysts predict that The Priceline Group Inc. will post $74.79 EPS for the current year.
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.
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