Moors & Cabot Inc. Cuts Stake in The Priceline Group Inc. (PCLN)

Moors & Cabot Inc. lessened its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234 shares of the business services provider’s stock after selling 15 shares during the quarter. Moors & Cabot Inc.’s holdings in The Priceline Group were worth $438,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Well Done LLC lifted its position in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after purchasing an additional 2 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 3 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after purchasing an additional 4 shares in the last quarter. First National Bank of Hutchinson lifted its position in shares of The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after purchasing an additional 4 shares in the last quarter. Finally, Hedeker Wealth LLC lifted its position in shares of The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock worth $909,000 after purchasing an additional 5 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on PCLN. Macquarie boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and issued a $2,075.00 price objective (up previously from $1,950.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Royal Bank Of Canada boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “hold” rating and issued a $1,850.00 price objective on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,952.67.

The Priceline Group Inc. (PCLN) traded up 0.122% during trading on Wednesday, hitting $1918.985. 21,350 shares of the company traded hands. The company has a market capitalization of $94.14 billion, a P/E ratio of 40.757 and a beta of 1.47. The Priceline Group Inc. has a 12-month low of $1,422.19 and a 12-month high of $2,067.99. The stock has a 50 day moving average price of $1,849.43 and a 200 day moving average price of $1,863.49.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $2.99 billion. During the same period in the previous year, the business posted $13.93 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts anticipate that The Priceline Group Inc. will post $74.79 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Moors & Cabot Inc. Cuts Stake in The Priceline Group Inc. (PCLN)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/10/11/moors-cabot-inc-cuts-stake-in-the-priceline-group-inc-pcln.html.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the sale, the chief executive officer now directly owns 5,922 shares in the company, valued at approximately $11,544,761.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Insiders sold a total of 2,867 shares of company stock worth $5,384,080 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

The Priceline Group 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.

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