Ruane Cunniff & Goldfarb Inc. Lowers Holdings in The Priceline Group Inc. (PCLN)

Ruane Cunniff & Goldfarb Inc. lessened its position in The Priceline Group Inc. (NASDAQ:PCLN) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 174,662 shares of the business services provider’s stock after selling 617 shares during the period. The Priceline Group makes up 2.8% of Ruane Cunniff & Goldfarb Inc.’s investment portfolio, making the stock its 15th largest holding. Ruane Cunniff & Goldfarb Inc. owned 0.36% of The Priceline Group worth $319,775,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of The Priceline Group in the 2nd quarter worth $101,000. Horan Capital Advisors LLC. acquired a new stake in shares of The Priceline Group in the 3rd quarter worth $103,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Priceline Group in the 2nd quarter worth $105,000. Capital Advisors Ltd. LLC acquired a new stake in shares of The Priceline Group in the 2nd quarter worth $112,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of The Priceline Group in the 2nd quarter worth $133,000. Institutional investors own 94.68% of the company’s stock.

The Priceline Group Inc. (PCLN) opened at $1,735.30 on Monday. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99. The firm has a market cap of $84,629.78, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm posted $29.69 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. equities research analysts anticipate that The Priceline Group Inc. will post 74.42 earnings per share for the current fiscal year.

In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock valued at $2,790,353 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Barclays restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Deutsche Bank restated a “hold” rating and issued a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Wells Fargo & Company restated a “hold” rating and issued a $1,850.00 target price on shares of The Priceline Group in a research note on Wednesday, August 9th. Macquarie raised their target price on shares of 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. Finally, Credit Suisse Group restated an “outperform” rating and issued a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and an average price target of $2,011.16.

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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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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