The Priceline Group Inc. (PCLN) Holdings Cut by Capital Guardian Trust Co.
Capital Guardian Trust Co. lessened its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,989 shares of the business services provider’s stock after selling 665 shares during the quarter. Capital Guardian Trust Co. owned 0.05% of The Priceline Group worth $47,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in PCLN. Harvest Fund Management Co. Ltd bought a new position in The Priceline Group in the 2nd quarter valued at $101,000. Horan Capital Advisors LLC. bought a new position in The Priceline Group in the 3rd quarter valued at $103,000. Shine Investment Advisory Services Inc. bought a new position in The Priceline Group in the 2nd quarter valued at $105,000. Capital Advisors Ltd. LLC bought a new position in The Priceline Group in the 2nd quarter valued at $112,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in The Priceline Group in the 2nd quarter valued at $133,000. Hedge funds and other institutional investors own 94.68% of the company’s stock.
In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,567 shares of company stock valued at $2,790,353. 0.24% of the stock is owned by corporate insiders.
Several research firms have recently weighed in on PCLN. MKM Partners downgraded The Priceline Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $2,225.00 to $1,850.00 in a research note on Thursday. Argus downgraded The Priceline Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $1,459.49 to $1,739.71 in a research note on Friday, December 1st. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of The Priceline Group in a research note on Thursday, November 16th. Barclays reiterated an “overweight” rating on shares of The Priceline Group in a research note on Tuesday, November 7th. Finally, UBS reiterated a “neutral” rating on shares of The Priceline Group in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $2,002.06.
The Priceline Group Inc. (PCLN) opened at $1,719.84 on Friday. The Priceline Group Inc. has a 12 month low of $1,459.49 and a 12 month high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $83,865.07, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the consensus estimate of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the company earned $29.69 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. equities analysts expect that The Priceline Group Inc. will post 74.42 earnings per share for the current year.
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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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