Bank of Montreal Can grew its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,430 shares of the business services provider’s stock after buying an additional 3,158 shares during the quarter. Bank of Montreal Can owned 0.11% of Priceline Group worth $91,108,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Vontobel Asset Management Inc. raised its position in Priceline Group by 28.1% during the 4th quarter. Vontobel Asset Management Inc. now owns 252,351 shares of the business services provider’s stock worth $439,060,000 after buying an additional 55,395 shares during the last quarter. Davis R M Inc. raised its position in Priceline Group by 0.3% during the 4th quarter. Davis R M Inc. now owns 11,949 shares of the business services provider’s stock worth $20,764,000 after buying an additional 41 shares during the last quarter. Pennsylvania Trust Co raised its position in Priceline Group by 15.3% during the 4th quarter. Pennsylvania Trust Co now owns 4,507 shares of the business services provider’s stock worth $7,832,000 after buying an additional 599 shares during the last quarter. Atria Investments LLC raised its position in Priceline Group by 33.5% during the 4th quarter. Atria Investments LLC now owns 1,581 shares of the business services provider’s stock worth $2,747,000 after buying an additional 397 shares during the last quarter. Finally, Starfire Investment Advisers Inc. purchased a new position in Priceline Group during the 4th quarter worth $497,000. Institutional investors own 94.45% of the company’s stock.
In other Priceline Group news, 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 transaction of $2,117,424.00. Following the sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the sale, the chief executive officer now directly owns 5,310 shares in the company, valued at $9,414,311.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,445 shares of company stock worth $2,544,764 over the last ninety days. 0.24% of the stock is owned by corporate insiders.
A number of brokerages have commented on PCLN. Deutsche Bank restated a “hold” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, October 24th. Barclays restated a “buy” rating and set a $2,150.00 price objective on shares of Priceline Group in a research report on Wednesday, October 11th. SunTrust Banks upped their price objective on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Citigroup restated a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus cut their price objective on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Priceline Group has a consensus rating of “Buy” and an average price target of $2,010.80.
Shares of Priceline Group Inc (PCLN) opened at $1,949.90 on Thursday. Priceline Group Inc has a 12 month low of $1,528.01 and a 12 month high of $2,067.99. The stock has a market cap of $95,660.00, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68.
Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the company earned $29.69 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. sell-side analysts predict that Priceline Group Inc will post 74.42 earnings per share for the current fiscal year.
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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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