ING Groep NV Sells 10,138 Shares of The Priceline Group Inc. (NASDAQ:PCLN)
ING Groep NV cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 91.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 931 shares of the business services provider’s stock after selling 10,138 shares during the period. ING Groep NV’s holdings in The Priceline Group were worth $1,741,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Hartford Financial Management Inc. bought a new stake in shares of The Priceline Group during the first quarter worth about $106,000. Webster Bank N. A. increased its stake 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 period. Assetmark Inc. increased its stake 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 period. Signature Estate & Investment Advisors LLC bought a new stake in shares of The Priceline Group during the first quarter worth about $123,000. Finally, Proficio Capital Partners LLC increased its stake in shares of 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. 95.01% of the stock is owned by institutional investors and hedge funds.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.344% during trading on Friday, hitting $1855.975. The stock had a trading volume of 387,018 shares. The firm has a market cap of $91.05 billion, a price-to-earnings ratio of 39.418 and a beta of 1.42. The stock has a 50-day moving average of $1,951.16 and a 200 day moving average of $1,807.68. The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,067.99. The Priceline Group also saw unusually large options trading on Tuesday. Stock traders bought 15,301 put options on the company. This is an increase of approximately 209% compared to the typical daily volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last released its 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 return on equity of 33.10% and a net margin of 20.51%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $13.93 EPS. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.
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A number of analysts have issued reports on the company. UBS AG reaffirmed a “buy” rating and issued a $2,100.00 target price (up from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Royal Bank Of Canada raised their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and set a $2,250.00 price objective on shares of The Priceline Group in a research report on Friday, August 4th. Macquarie raised their price objective on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,909.30.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the 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 transaction, the director now owns 346 shares of the company’s stock, valued at approximately $642,753.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,744 shares of company stock worth $3,245,648. 0.42% of the stock is currently owned by company 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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