The Priceline Group Inc. (PCLN) Stake Decreased by Clear Perspective Advisors LLC

Clear Perspective Advisors LLC cut its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 99.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 739 shares of the business services provider’s stock after selling 85,047 shares during the period. The Priceline Group accounts for 1.1% of Clear Perspective Advisors LLC’s portfolio, making the stock its 18th largest holding. Clear Perspective Advisors LLC’s holdings in The Priceline Group were worth $1,353,000 at the end of the most recent reporting period.

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

In other news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 142 shares of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,790,353 in the last three months. Insiders own 0.24% of the company’s stock.

Shares of The Priceline Group Inc. (PCLN) opened at $1,723.24 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The stock 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 Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99.

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

PCLN has been the topic of a number of research reports. Barclays reiterated a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS reiterated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America reiterated a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and issued a $2,200.00 price target on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and an average price target of $2,011.16.

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The Priceline Group Company 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.

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

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