The Priceline Group Inc. (PCLN) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 20.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 238 shares of the business services provider’s stock after selling 61 shares during the period. Beech Hill Advisors Inc.’s holdings in The Priceline Group were worth $445,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Hartford Financial Management Inc. bought a new stake in The Priceline Group during the first quarter worth approximately $106,000. Webster Bank N. A. boosted its stake in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares during the period. Assetmark Inc. boosted its stake in The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in The Priceline Group during the first quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC boosted its stake in The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 95.22% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.16% during mid-day trading on Friday, reaching $1810.00. 486,075 shares of the company’s stock traded hands. The firm has a market cap of $88.80 billion, a price-to-earnings ratio of 38.44 and a beta of 1.42. The firm’s 50-day moving average price is $1,946.27 and its 200 day moving average price is $1,818.99. The Priceline Group Inc. has a one year low of $1,402.67 and a one year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $13.93 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities analysts forecast that The Priceline Group Inc. will post $74.77 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/beech-hill-advisors-inc-has-445000-position-in-the-priceline-group-inc-pcln-updated-updated-updated.html.

PCLN has been the topic of a number of research reports. Benchmark Co. reaffirmed a “buy” rating and issued a $2,050.00 price target (up previously from $1,900.00) on shares of The Priceline Group in a report on Sunday, May 14th. Deutsche Bank AG lifted their price target on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $2,070.00 price target (up previously from $1,915.00) on shares of The Priceline Group in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of 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. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $2,150.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a report on Friday, May 12th. One 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 assigned a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and an average target price of $1,924.32.

In related news, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction dated 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 transaction, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,367 shares of company stock valued at $8,166,685. 0.42% of the stock is owned by corporate 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.

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

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply