Manning & Napier Advisors LLC cut its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,613 shares of the business services provider’s stock after selling 11,352 shares during the quarter. The Priceline Group comprises approximately 2.6% of Manning & Napier Advisors LLC’s portfolio, making the stock its 8th largest holding. Manning & Napier Advisors LLC owned about 0.33% of The Priceline Group worth $299,544,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of The Priceline Group during the second quarter worth about $101,000. Shine Investment Advisory Services Inc. acquired a new position in shares of The Priceline Group during the second quarter worth about $105,000. Capital Advisors Ltd. LLC acquired a new position in shares of The Priceline Group during the second quarter worth about $112,000. Proficio Capital Partners LLC increased its stake in shares of The Priceline Group by 29.6% during the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after acquiring an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of The Priceline Group during the second quarter worth about $133,000. Institutional investors own 95.10% of the company’s stock.
A number of analysts recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and set a $2,070.00 price objective (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 price objective (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, October 2nd. UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Royal Bank Of Canada upped their price target on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $2,020.52.
The Priceline Group Inc. (NASDAQ:PCLN) traded up $4.87 during trading on Friday, reaching $1,731.65. 522,300 shares of the company’s stock traded hands, compared to its average volume of 460,139. The firm has a market cap of $85,440.00, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The Priceline Group Inc. has a 52-week low of $1,459.49 and a 52-week high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The Priceline Group’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $29.69 EPS. equities research analysts anticipate that The Priceline Group Inc. will post 74.42 earnings per share for the current year.
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In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the completion of the transaction, the chief executive officer now owns 5,555 shares in the company, valued at approximately $10,776,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently 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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