Cubist Systematic Strategies LLC Sells 1,756 Shares of The Priceline Group Inc. (PCLN)

Cubist Systematic Strategies LLC reduced its position in The Priceline Group Inc. (NASDAQ:PCLN) by 79.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450 shares of the business services provider’s stock after selling 1,756 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in The Priceline Group were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Harding Loevner LP boosted its holdings in shares of The Priceline Group by 2,593.1% in the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after acquiring an additional 5,058,945 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of The Priceline Group by 654.1% in the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after acquiring an additional 557,358 shares during the period. Capital Research Global Investors boosted its stake in The Priceline Group by 7.1% during the second 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. Old Mutual Global Investors UK Ltd. bought a new stake in The Priceline Group during the third quarter valued at $174,056,000. Finally, Flossbach Von Storch AG boosted its stake in The Priceline Group by 30,890.9% during the third quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock valued at $156,032,000 after buying an additional 84,950 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,567 shares of company stock worth $2,781,444. 0.24% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on PCLN shares. Oppenheimer reissued a “buy” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. BidaskClub raised The Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Credit Suisse Group reissued an “outperform” rating and set a $2,000.00 price objective (down previously from $2,070.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. Morgan Stanley reissued an “overweight” rating and set a $1,900.00 price objective (down previously from $2,100.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. Finally, Barclays reissued a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $2,002.06.

The Priceline Group Inc. (PCLN) opened at $1,775.26 on Friday. The company has a market capitalization of $86,517.16, a PE ratio of 24.86, a PEG ratio of 1.41 and a beta of 1.40. 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 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 released its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $29.69 earnings per share. research analysts expect that The Priceline Group Inc. will post 74.42 EPS for the current year.

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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.

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

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