The Priceline Group Inc. (NASDAQ:PCLN) Stake Maintained by Shell Asset Management Co.
Shell Asset Management Co. continued to hold its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The institutional investor owned 4,773 shares of the business services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in The Priceline Group were worth $8,928,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. bought a new position in shares of The Priceline Group during the first quarter worth about $106,000. Webster Bank N. A. boosted 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. boosted 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 acquired a new stake in The Priceline Group during the first quarter valued at approximately $123,000. Finally, Proficio Capital Partners LLC boosted 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. Institutional investors own 95.01% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1854.17 on Friday. The company has a market capitalization of $90.96 billion, a price-to-earnings ratio of 39.38 and a beta of 1.42. The company’s 50-day moving average price is $1,950.91 and its 200-day moving average price is $1,809.82. The Priceline Group Inc. has a one year low of $1,392.44 and a one year high of $2,067.99. The Priceline Group also was the target of some unusual options trading on Wednesday. Stock investors bought 17,507 call options on the stock. This represents an increase of 255% compared to the average volume of 4,928 call options.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the 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 business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $13.93 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that The Priceline Group Inc. will post $74.80 earnings per share for the current year.
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Several equities research analysts recently commented on PCLN shares. Morgan Stanley raised their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Cowen and Company reaffirmed an “outperform” rating and set a $2,000.00 target price on shares of The Priceline Group in a research note on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,300.00 target price (up previously from $2,250.00) on shares of The Priceline Group in a research note on Thursday. Vetr raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price for the company in a research note on Wednesday, May 17th. Finally, J P Morgan Chase & Co raised their target price on The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1,909.30.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,744 shares of company stock worth $3,245,648. Company 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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