Capital Bank & Trust Co Sells 131 Shares of The Priceline Group Inc. (PCLN)

Capital Bank & Trust Co reduced its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,369 shares of the business services provider’s stock after selling 131 shares during the period. Capital Bank & Trust Co’s holdings in The Priceline Group were worth $13,491,000 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. Harding Loevner LP boosted its position in The Priceline Group by 2,593.1% during the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after purchasing an additional 5,058,945 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after acquiring an additional 79,784 shares during the last quarter. Capital World Investors raised its holdings in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after acquiring an additional 34,959 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after acquiring an additional 108,187 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 977,817 shares during the last quarter. 94.68% of the stock is currently owned by institutional investors.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction on 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 owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,567 shares of company stock valued at $2,790,353. 0.24% of the stock is currently owned by company insiders.

The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,719.84 on Monday. The Priceline Group Inc. has a 52-week low of $1,459.49 and a 52-week high of $2,067.99. The company has a market capitalization of $83,875.80, a price-to-earnings ratio of 23.10, a PEG ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The Priceline Group’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business posted $29.69 earnings per share. equities research analysts predict that The Priceline Group Inc. will post 74.42 EPS for the current year.

A number of equities analysts have commented on the company. KeyCorp reissued a “hold” rating on shares of The Priceline Group in a report on Thursday, November 16th. Morgan Stanley reaffirmed 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 report on Monday, October 2nd. UBS reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Royal Bank Of Canada increased their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2,000.00 price target (down previously from $2,200.00) on shares of The Priceline Group in a report 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 given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $2,002.06.

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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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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