The Priceline Group Inc. (PCLN) Position Trimmed by First Personal Financial Services
First Personal Financial Services cut its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 62.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69 shares of the business services provider’s stock after selling 113 shares during the quarter. First Personal Financial Services’ holdings in The Priceline Group were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PCLN. Harvest Fund Management Co. Ltd purchased a new position in shares of The Priceline Group in the 2nd quarter worth about $101,000. Shine Investment Advisory Services Inc. purchased a new position in shares of The Priceline Group in the 2nd quarter worth about $105,000. Capital Advisors Ltd. LLC purchased a new position in shares of The Priceline Group in the 2nd quarter worth about $112,000. Proficio Capital Partners LLC raised its holdings in shares of The Priceline Group by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after purchasing an additional 16 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of The Priceline Group in the 2nd quarter worth about $133,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.
In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total value of $231,286.74. Following the completion of the sale, the chief executive officer now owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. Insiders sold 2,867 shares of company stock valued at $5,382,925 in the last ninety days. Insiders own 0.24% of the company’s stock.
Shares of The Priceline Group Inc. (PCLN) traded down $200.61 during mid-day trading on Tuesday, hitting $1,693.88. The stock had a trading volume of 817,237 shares, compared to its average volume of 389,272. The Priceline Group Inc. has a one year low of $1,435.79 and a one year high of $2,067.99. The firm has a market cap of $83,990.00, a PE ratio of 27.00, a PEG ratio of 1.49 and a beta of 1.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.65.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $29.69 earnings per share. sell-side analysts predict that The Priceline Group Inc. will post 75 EPS for the current year.
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PCLN has been the topic of a number of research reports. Zacks Investment Research downgraded The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Morgan Stanley raised their price objective on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 price objective (down from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Credit Suisse Group set a $2,150.00 price objective on The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $2,250.00 price objective on shares of The Priceline Group in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $2,005.83.
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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