CAPROCK Group Inc. Has $428,000 Stake in The Priceline Group Inc. (PCLN)
CAPROCK Group Inc. raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 10.6% during the second quarter, Holdings Channel reports. The fund owned 229 shares of the business services provider’s stock after buying an additional 22 shares during the period. CAPROCK Group Inc.’s holdings in The Priceline Group were worth $428,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Hartford Financial Management Inc. acquired a new position in shares of The Priceline Group during the first quarter worth approximately $106,000. Capital Advisors Ltd. LLC acquired a new position in shares of The Priceline Group during the second quarter worth approximately $112,000. Webster Bank N. A. boosted its position in shares of 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 last quarter. Assetmark Inc. boosted its position in shares of 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 last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Priceline Group during the first quarter worth approximately $123,000. Institutional investors own 95.22% of the company’s stock.
The Priceline Group Inc. (NASDAQ PCLN) opened at 1873.95 on Tuesday. The Priceline Group Inc. has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The company has a market cap of $91.93 billion, a P/E ratio of 39.80 and a beta of 1.42. The stock has a 50 day moving average of $1,950.90 and a 200 day moving average of $1,815.40.
The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $13.93 EPS. On average, analysts expect that The Priceline Group Inc. will post $74.91 earnings per share for the current year.
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A number of brokerages recently commented on PCLN. UBS AG reiterated a “buy” rating and issued a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. Royal Bank Of Canada boosted their price objective on shares of 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. Jefferies Group LLC restated a “buy” rating and issued a $2,250.00 price objective on shares of The Priceline Group in a research report on Friday, August 4th. Macquarie boosted their price objective on shares of 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. Finally, Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,915.13.
In other news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now directly owns 320 shares in the company, valued at approximately $600,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares in the company, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold a total of 4,244 shares of company stock worth $7,935,398 in the last three months. Insiders own 0.42% of the company’s stock.
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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