Priceline Group Inc (PCLN) Position Lessened by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA trimmed its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,005 shares of the business services provider’s stock after selling 29 shares during the quarter. Priceline Group makes up approximately 1.6% of Lederer & Associates Investment Counsel CA’s holdings, making the stock its 29th largest position. Lederer & Associates Investment Counsel CA’s holdings in Priceline Group were worth $1,746,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D bought a new stake in Priceline Group during the 3rd quarter valued at approximately $36,616,000. Norinchukin Bank The boosted its position in Priceline Group by 4.0% during the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock valued at $11,115,000 after acquiring an additional 228 shares in the last quarter. Equitec Proprietary Markets LLC bought a new stake in Priceline Group during the 3rd quarter valued at approximately $549,000. Troy Asset Management Ltd bought a new stake in Priceline Group during the 3rd quarter valued at approximately $3,295,000. Finally, Profund Advisors LLC boosted its position in Priceline Group by 9.8% during the 2nd quarter. Profund Advisors LLC now owns 4,431 shares of the business services provider’s stock valued at $8,288,000 after acquiring an additional 395 shares in the last quarter. 94.39% of the stock is currently 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 that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 123 shares of the business’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. Over the last 90 days, insiders sold 1,567 shares of company stock valued at $2,781,444. 0.24% of the stock is owned by company insiders.

Several research firms have weighed in on PCLN. Zacks Investment Research cut Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Vetr cut Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price objective on the stock. in a research report on Monday. Oppenheimer lifted their price objective on Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America reaffirmed a “buy” rating and set a $2,150.00 price objective on shares of Priceline Group in a research report on Tuesday, September 26th. Finally, Guggenheim cut Priceline Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 7th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $2,010.80.

Shares of Priceline Group Inc (NASDAQ:PCLN) traded up $20.19 during midday trading on Thursday, reaching $1,893.10. 385,893 shares of the company were exchanged, compared to its average volume of 395,411. Priceline Group Inc has a 52 week low of $1,516.00 and a 52 week high of $2,067.99. The stock has a market cap of $92,870.00, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.28 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52.

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

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

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