Eqis Capital Management Inc. raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,055 shares of the business services provider’s stock after buying an additional 63 shares during the quarter. Eqis Capital Management Inc.’s holdings in The Priceline Group were worth $1,932,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Waldron LP grew its holdings in shares of The Priceline Group by 68.9% during the 1st quarter. Waldron LP now owns 412 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 168 shares during the last quarter. GWM Advisors LLC bought a new stake in shares of The Priceline Group during the 1st quarter valued at approximately $240,000. Chesapeake Asset Management LLC bought a new stake in shares of The Priceline Group during the 1st quarter valued at approximately $349,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of The Priceline Group during the 1st quarter valued at approximately $1,831,000. Finally, NN Investment Partners Holdings N.V. boosted its position in The Priceline Group by 10.1% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 58,321 shares of the business services provider’s stock worth $103,809,000 after buying an additional 5,370 shares during the period. 94.36% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $2,070.00 target price (down from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Morgan Stanley restated an “overweight” rating and issued a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Stifel Nicolaus restated a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $2,050.00 target price on shares of The Priceline Group in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,960.17.
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In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now owns 320 shares in the company, valued at approximately $600,288. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,867 shares of company stock worth $5,382,925. Company insiders own 0.24% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded down 2.49% on Friday, hitting $1890.92. 903,357 shares of the stock traded hands. The firm has a market cap of $92.77 billion, a PE ratio of 40.16 and a beta of 1.47. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The firm has a 50 day moving average price of $1,882.78 and a 200 day moving average price of $1,875.16.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $13.93 earnings per share. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts forecast that The Priceline Group Inc. will post $74.99 EPS for the current year.
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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