Priceline Group Inc (PCLN) Shares Bought by Hendershot Investments Inc.

Hendershot Investments Inc. increased its holdings in shares of Priceline Group Inc (NASDAQ:PCLN) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,658 shares of the business services provider’s stock after purchasing an additional 195 shares during the period. Priceline Group makes up 2.6% of Hendershot Investments Inc.’s holdings, making the stock its 14th biggest position. Hendershot Investments Inc.’s holdings in Priceline Group were worth $6,357,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PCLN. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Priceline Group by 7.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 25,132 shares of the business services provider’s stock worth $47,009,000 after purchasing an additional 1,650 shares during the last quarter. Bancorpsouth Inc. raised its holdings in shares of Priceline Group by 13.3% during the second quarter. Bancorpsouth Inc. now owns 128 shares of the business services provider’s stock worth $240,000 after purchasing an additional 15 shares during the last quarter. Veritable L.P. raised its holdings in shares of Priceline Group by 1.3% during the second quarter. Veritable L.P. now owns 1,761 shares of the business services provider’s stock worth $3,294,000 after purchasing an additional 23 shares during the last quarter. Bank of Hawaii raised its holdings in shares of Priceline Group by 1.5% during the second quarter. Bank of Hawaii now owns 1,648 shares of the business services provider’s stock worth $3,083,000 after purchasing an additional 25 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Priceline Group by 1.3% during the second quarter. Voya Investment Management LLC now owns 24,813 shares of the business services provider’s stock worth $46,413,000 after purchasing an additional 320 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Priceline Group in a report on Thursday, November 16th. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 target price (up previously from $2,050.00) on shares of Priceline Group in a report on Monday, October 2nd. BidaskClub cut shares of Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. SunTrust Banks raised their target price on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Royal Bank of Canada raised their target price on shares of Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $2,019.79.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the transaction, the chief executive officer now directly owns 5,188 shares in the company, valued at $10,016,523.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the business’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 transaction, the director now owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock worth $2,780,310 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Priceline Group Inc (NASDAQ PCLN) traded down $16.50 on Monday, reaching $1,910.21. 634,500 shares of the company were exchanged, compared to its average volume of 480,546. The firm has a market capitalization of $94,080.00, a price-to-earnings ratio of 26.76, a PEG ratio of 1.42 and a beta of 1.39. Priceline Group Inc has a 52-week low of $1,528.01 and a 52-week high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.

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

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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.

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

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