American Century Companies Inc. trimmed its stake in Priceline Group Inc (NASDAQ:PCLN) by 35.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 63,558 shares of the business services provider’s stock after selling 35,222 shares during the period. American Century Companies Inc.’s holdings in Priceline Group were worth $110,447,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Harding Loevner LP grew its holdings in shares of Priceline Group by 2,593.1% during the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after buying an additional 5,058,945 shares during the last quarter. Boston Partners grew its holdings in shares of Priceline Group by 2,233.7% during the fourth quarter. Boston Partners now owns 191,083 shares of the business services provider’s stock valued at $332,053,000 after buying an additional 182,895 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Priceline Group during the third quarter valued at about $174,056,000. Flossbach Von Storch AG grew its holdings in shares of 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 last quarter. Finally, Vontobel Asset Management Inc. grew its holdings in shares of Priceline Group by 28.1% during the fourth quarter. Vontobel Asset Management Inc. now owns 252,351 shares of the business services provider’s stock valued at $439,060,000 after buying an additional 55,395 shares during the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.
A number of research analysts have recently issued reports on PCLN shares. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 price objective on shares of Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and set a $2,000.00 price objective on shares of Priceline Group in a report on Tuesday, November 7th. Stifel Nicolaus reduced their price objective on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Zacks Investment Research cut shares of Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Barclays reiterated an “overweight” rating on shares of Priceline Group in a report on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $2,025.31.
Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the consensus estimate of $34.31 by $0.91. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company earned $29.69 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. analysts predict that Priceline Group Inc will post 74.41 EPS for the current year.
In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction dated 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 sale, the director now owns 142 shares of the company’s stock, valued at $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 122 shares of Priceline Group stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the completion of the sale, the chief executive officer now directly owns 5,188 shares in the company, valued at approximately $10,016,523.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,567 shares of company stock worth $2,780,310. 0.24% of the stock is owned by corporate insiders.
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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