Shine Investment Advisory Services Inc. acquired a new stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 56 shares of the business services provider’s stock, valued at approximately $105,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Advisors Inc. OK increased its position in shares of The Priceline Group by 4.1% in the first quarter. Capital Advisors Inc. OK now owns 6,556 shares of the business services provider’s stock valued at $11,669,000 after buying an additional 256 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of The Priceline Group during the first quarter valued at $34,546,000. Huntington National Bank increased its position in shares of The Priceline Group by 66.4% in the first quarter. Huntington National Bank now owns 10,015 shares of the business services provider’s stock valued at $17,827,000 after buying an additional 3,997 shares during the period. Toronto Dominion Bank increased its position in shares of The Priceline Group by 64.9% in the first quarter. Toronto Dominion Bank now owns 14,383 shares of the business services provider’s stock valued at $25,599,000 after buying an additional 5,660 shares during the period. Finally, Covey Capital Advisors LLC acquired a new position in shares of The Priceline Group during the first quarter valued at $3,515,000. Hedge funds and other institutional investors own 95.22% of the company’s stock.
The Priceline Group Inc. (NASDAQ:PCLN) opened at 1810.00 on Monday. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99. The firm has a 50-day moving average of $1,946.27 and a 200-day moving average of $1,818.99. The stock has a market capitalization of $88.80 billion, a PE ratio of 38.44 and a beta of 1.42.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $13.93 EPS. On average, equities analysts expect that The Priceline Group Inc. will post $74.77 EPS for the current year.
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PCLN has been the subject of several analyst reports. Credit Suisse Group boosted their price target on The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a report on Tuesday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $2,200.00 price target (up from $1,800.00) on shares of The Priceline Group in a report on Wednesday, May 3rd. Deutsche Bank AG boosted their price target on The Priceline Group from $1,725.00 to $2,000.00 and gave the company a “hold” rating in a report on Monday, May 8th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $2,070.00 price target (up from $1,915.00) on shares of The Priceline Group in a report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on The Priceline Group from $1,750.00 to $1,850.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,924.32.
In related news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now directly owns 320 shares in the company, valued at approximately $600,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the completion of the transaction, the chief executive officer now owns 5,799 shares in the company, valued at $10,904,323.62. The disclosure for this sale can be found here. Insiders have sold a total of 4,367 shares of company stock worth $8,166,685 in the last 90 days. 0.42% of the stock is owned by insiders.
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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