Green Square Capital LLC Has $1.10 Million Position in The Priceline Group Inc. (PCLN)
Green Square Capital LLC lowered its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588 shares of the business services provider’s stock after selling 33 shares during the quarter. Green Square Capital LLC’s holdings in The Priceline Group were worth $1,100,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd acquired a new stake in The Priceline Group during the second quarter worth approximately $101,000. Shine Investment Advisory Services Inc. acquired a new stake in The Priceline Group during the second quarter worth approximately $105,000. Assetmark Inc. grew its position in The Priceline Group by 12.5% during 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 in the last quarter. Capital Advisors Ltd. LLC acquired a new stake in The Priceline Group during the second quarter worth approximately $112,000. Finally, Proficio Capital Partners LLC grew its position in The Priceline Group by 29.6% during 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 in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the company’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 directly owns 5,922 shares in the company, valued at $11,544,761.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 2,500 shares of the company’s 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 sale, the director now owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,867 shares of company stock valued at $5,384,080. Company insiders own 0.24% of the company’s stock.
Shares of The Priceline Group Inc. (PCLN) traded up 0.44% on Friday, reaching $1918.00. The company had a trading volume of 291,219 shares. The company has a market capitalization of $94.10 billion, a PE ratio of 40.74 and a beta of 1.47. The company’s 50-day moving average is $1,842.80 and its 200-day moving average is $1,859.42. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $13.93 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that The Priceline Group Inc. will post $74.71 earnings per share for the current year.
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A number of brokerages recently issued reports on PCLN. SunTrust Banks, Inc. reissued a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. Bank of America Corporation reissued a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Tuesday, September 26th. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Finally, MKM Partners reissued a “buy” rating and set a $2,225.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group has an average rating of “Buy” and a consensus target price of $1,952.67.
The Priceline Group 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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