Ledyard National Bank Sells 111 Shares of The Priceline Group Inc. (NASDAQ:PCLN)
Ledyard National Bank lowered its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 39.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170 shares of the business services provider’s stock after selling 111 shares during the period. Ledyard National Bank’s holdings in The Priceline Group were worth $318,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. purchased a new stake in The Priceline Group during the first quarter valued at approximately $106,000. Webster Bank N. A. increased 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 valued at $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. increased 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 valued at $112,000 after buying an additional 7 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in The Priceline Group during the first quarter valued at approximately $123,000. Finally, Proficio Capital Partners LLC increased 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 valued at $129,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.
Shares of The Priceline Group Inc. (PCLN) traded down 1.99% during trading on Thursday, reaching $1868.92. The company’s stock had a trading volume of 385,831 shares. The company has a market cap of $91.68 billion, a PE ratio of 39.69 and a beta of 1.42. The company has a 50 day moving average of $1,951.68 and a 200 day moving average of $1,807.38. 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 was the recipient of unusually large options trading on Tuesday. Stock investors purchased 15,301 put options on the stock. This is an increase of 209% compared to the average volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 34.28% 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 period in the previous year, the firm posted $13.93 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.
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Several research firms have recently commented on PCLN. UBS AG restated a “buy” rating and set a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Royal Bank Of Canada upped their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $2,250.00 price target on shares of The Priceline Group in a report on Friday, August 4th. Finally, Macquarie upped their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,909.30.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s 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 transaction of $237,835.34. Following the sale, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the business’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 value of $2,786,505.00. Following the sale, the director now directly owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock worth $3,245,648 over the last ninety days. 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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