BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 14.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 41,838 shares of the business services provider’s stock after buying an additional 5,306 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.09% of The Priceline Group worth $78,259,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of PCLN. Rational Advisors LLC bought a new stake in shares of The Priceline Group during the second quarter worth $698,000. Pitcairn Co. boosted its stake in shares of The Priceline Group by 22.4% in the second quarter. Pitcairn Co. now owns 1,622 shares of the business services provider’s stock worth $3,034,000 after buying an additional 297 shares in the last quarter. 440 Investment Group LLC bought a new stake in shares of The Priceline Group during the second quarter worth $241,000. New Amsterdam Partners LLC NY boosted its stake in shares of The Priceline Group by 1.5% in the second quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock worth $630,000 after buying an additional 5 shares in the last quarter. Finally, CCM Investment Advisers LLC boosted its stake in shares of The Priceline Group by 1.8% in the second quarter. CCM Investment Advisers LLC now owns 5,015 shares of the business services provider’s stock worth $9,380,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.
The Priceline Group Inc. (NASDAQ PCLN) opened at 1793.48 on Friday. The Priceline Group Inc. has a 1-year low of $1,402.67 and a 1-year high of $2,067.99. The firm’s 50-day moving average price is $1,936.36 and its 200 day moving average price is $1,827.19. The stock has a market cap of $87.99 billion, a PE ratio of 38.09 and a beta of 1.42.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business earned $13.93 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts expect that The Priceline Group Inc. will post $74.77 EPS for the current year.
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A number of brokerages recently weighed in on PCLN. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research note on Thursday. SunTrust Banks, Inc. began coverage on shares of The Priceline Group in a research note on Tuesday, August 15th. They set a “buy” rating and a $2,200.00 price objective on the stock. MKM Partners restated a “buy” rating and set a $2,225.00 price objective (up from $2,050.00) on shares of The Priceline Group in a research note on Monday, August 14th. Susquehanna Bancshares Inc restated a “positive” rating and set a $2,200.00 price objective (up from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. restated a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,924.32.
In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the completion of the sale, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at approximately $10,904,323.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,367 shares of company stock worth $8,166,685. 0.42% of the stock is owned by company insiders.
About The 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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