Breton Hill Capital Ltd. cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 14.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 467 shares of the business services provider’s stock after selling 77 shares during the period. Breton Hill Capital Ltd.’s holdings in The Priceline Group were worth $874,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PCLN. Renaissance Technologies LLC acquired a new stake in shares of The Priceline Group during the first quarter worth $358,128,000. C WorldWide Group Holding A S acquired a new stake in shares of The Priceline Group during the first quarter worth $189,324,000. Vanguard Group Inc. raised its stake in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of The Priceline Group by 689.5% in the first quarter. Schroder Investment Management Group now owns 85,556 shares of the business services provider’s stock worth $153,077,000 after buying an additional 74,719 shares during the last quarter. Finally, FMR LLC raised its stake in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.
Shares of The Priceline Group Inc. (PCLN) traded down 0.16% during mid-day trading on Friday, hitting $1810.00. The company’s stock had a trading volume of 486,075 shares. The company has a market cap of $88.80 billion, a PE ratio of 38.44 and a beta of 1.42. The Priceline Group Inc. has a 12-month low of $1,402.67 and a 12-month high of $2,067.99. The stock has a 50-day moving average of $1,946.27 and a 200-day moving average of $1,818.99.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm posted $13.93 earnings per share. The Priceline Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that The Priceline Group Inc. will post $74.77 EPS for the current year.
A number of brokerages have recently weighed in on PCLN. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a “hold” rating and issued a $1,850.00 target price on shares of The Priceline Group in a research report on Wednesday, August 9th. Royal Bank Of Canada upped their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, Macquarie upped their target price on The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $1,924.32.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the sale, the chief executive officer now owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders have sold 4,367 shares of company stock worth $8,166,685 in the last 90 days. 0.42% of the stock is currently owned by 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.
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