Goelzer Investment Management Inc. decreased its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,433 shares of the business services provider’s stock after selling 29 shares during the period. Goelzer Investment Management Inc.’s holdings in The Priceline Group were worth $2,624,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PCLN. Harvest Fund Management Co. Ltd purchased a new stake in shares of The Priceline Group during the second quarter worth about $101,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Priceline Group during the second quarter worth about $105,000. Capital Advisors Ltd. LLC acquired a new stake in shares of The Priceline Group during the second quarter worth about $112,000. Proficio Capital Partners LLC lifted its holdings in shares of The Priceline Group by 29.6% during the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after purchasing an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of The Priceline Group during the second quarter worth about $133,000. Institutional investors and hedge funds own 94.38% of the company’s stock.
In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total value of $231,286.74. Following the completion of the sale, the chief executive officer now directly owns 5,799 shares in the company, valued at approximately $10,904,323.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock valued at $5,382,925 over the last quarter. 0.24% of the stock is owned by company insiders.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down $18.57 on Friday, hitting $1,894.49. The company had a trading volume of 480,401 shares, compared to its average volume of 367,407. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The stock has a market capitalization of $92.94 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 2.20.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping 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 firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the business earned $13.93 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. sell-side analysts predict that The Priceline Group Inc. will post 75 EPS for the current year.
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A number of equities research analysts recently commented on the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie lifted their target price on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $1,850.00 target price on shares of The Priceline Group in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,960.17.
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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