Sit Investment Associates Inc. reduced its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,669 shares of the business services provider’s stock after selling 269 shares during the period. Sit Investment Associates Inc.’s holdings in Priceline Group were worth $9,851,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of PCLN. TCI Wealth Advisors Inc. lifted its holdings in Priceline Group by 8.7% in the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after buying an additional 6 shares during the period. Optimum Investment Advisors lifted its holdings in Priceline Group by 1.8% in the second quarter. Optimum Investment Advisors now owns 553 shares of the business services provider’s stock worth $1,034,000 after buying an additional 10 shares during the period. Covington Capital Management lifted its holdings in Priceline Group by 1.2% in the second quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock worth $1,605,000 after buying an additional 10 shares during the period. Bancorpsouth Inc. increased its stake in shares of Priceline Group by 13.3% during the second quarter. Bancorpsouth Inc. now owns 128 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 15 shares in the last quarter. Finally, HGK Asset Management Inc. increased its stake in shares of Priceline Group by 5.5% during the second quarter. HGK Asset Management Inc. now owns 386 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.
In other Priceline Group news, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The sale 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 business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the sale, the director now owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,567 shares of company stock worth $2,780,310. Corporate insiders own 0.24% of the company’s stock.
Priceline Group Inc (NASDAQ:PCLN) traded down $44.59 on Friday, hitting $1,859.10. 513,771 shares of the company were exchanged, compared to its average volume of 401,693. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. Priceline Group Inc has a 52 week low of $1,571.32 and a 52 week high of $2,067.99. The stock has a market cap of $89,070.00, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.
Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. Priceline Group’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $29.69 EPS. equities research analysts anticipate that Priceline Group Inc will post 74.41 EPS for the current year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,000.00 target price (down previously from $2,070.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup reaffirmed a “buy” rating and set a $2,050.00 target price on shares of Priceline Group in a research note on Tuesday, November 7th. UBS Group reissued a “neutral” rating on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, Oppenheimer reissued a “buy” rating and set a $1,950.00 price target (down previously from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $2,025.31.
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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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