River & Mercantile Asset Management LLP reduced its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,796 shares of the business services provider’s stock after selling 300 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Priceline Group were worth $3,122,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. NuWave Investment Management LLC acquired a new stake in shares of Priceline Group in the fourth quarter valued at $634,000. South Texas Money Management Ltd. acquired a new stake in shares of Priceline Group in the fourth quarter valued at $236,000. Sigma Planning Corp increased its stake in shares of Priceline Group by 18.2% in the fourth quarter. Sigma Planning Corp now owns 201 shares of the business services provider’s stock valued at $349,000 after buying an additional 31 shares in the last quarter. First Long Island Investors LLC increased its stake in shares of Priceline Group by 1.0% in the fourth quarter. First Long Island Investors LLC now owns 9,244 shares of the business services provider’s stock valued at $16,064,000 after buying an additional 96 shares in the last quarter. Finally, Grisanti Capital Management LLC acquired a new stake in shares of Priceline Group in the fourth quarter valued at $3,672,000. Hedge funds and other institutional investors own 93.87% 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 stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,567 shares of company stock worth $2,780,310. Company insiders own 0.24% of the company’s stock.
Priceline Group Inc (NASDAQ:PCLN) opened at $1,790.00 on Tuesday. 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 Inc has a 1-year low of $1,612.41 and a 1-year high of $2,067.99. The stock has a market capitalization of $86,078.23, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38.
PCLN has been the subject of a number of research reports. Credit Suisse Group upgraded Priceline Group to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer restated a “buy” rating and issued a $1,950.00 target price (down from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. BidaskClub upgraded Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Finally, Vetr cut Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $2,025.31.
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About Priceline Group
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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