The Priceline Group Inc. (PCLN) Shares Sold by Psagot Investment House Ltd.

Psagot Investment House Ltd. lowered its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,854 shares of the business services provider’s stock after selling 154 shares during the quarter. Psagot Investment House Ltd.’s holdings in The Priceline Group were worth $8,887,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PCLN. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group during the 2nd quarter valued at $101,000. Horan Capital Advisors LLC. bought a new stake in The Priceline Group during the 3rd quarter valued at $103,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the 2nd quarter valued at $105,000. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the 2nd quarter valued at $112,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in The Priceline Group during the 2nd quarter valued at $133,000. Institutional investors own 94.68% of the company’s stock.

In other news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the sale, the chief executive officer now owns 5,555 shares in the company, valued at $10,776,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,567 shares of company stock worth $2,790,353. Company insiders own 0.24% of the company’s stock.

A number of analysts have commented on the stock. Argus lowered shares of The Priceline Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $1,459.49 to $1,739.71 in a research note on Friday, December 1st. They noted that the move was a valuation call. KeyCorp restated a “hold” rating on shares of The Priceline Group in a research note on Thursday, November 16th. Barclays restated an “overweight” rating on shares of The Priceline Group in a research note on Tuesday, November 7th. UBS reaffirmed a “neutral” rating on shares of The Priceline Group in a report on Tuesday, November 7th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $1,950.00 price objective (down from $2,100.00) on shares of The Priceline Group in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group currently has an average rating of “Buy” and an average price target of $2,011.16.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at $1,724.88 on Wednesday. The Priceline Group Inc. has a 52-week low of $1,459.49 and a 52-week high of $2,067.99. The firm has a market capitalization of $84,041.62, a PE ratio of 23.15, a PEG ratio of 1.36 and a beta of 1.40. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.

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

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

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