Sarasin & Partners LLP decreased its holdings in Priceline Group Inc (NASDAQ:PCLN) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,697 shares of the business services provider’s stock after selling 578 shares during the quarter. Sarasin & Partners LLP’s holdings in Priceline Group were worth $29,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D purchased a new stake in Priceline Group in the third quarter worth $36,616,000. Equitec Proprietary Markets LLC purchased a new stake in Priceline Group in the third quarter worth $549,000. Troy Asset Management Ltd purchased a new position in Priceline Group during the third quarter valued at $3,295,000. Huntington National Bank lifted its position in Priceline Group by 14.4% during the third quarter. Huntington National Bank now owns 13,761 shares of the business services provider’s stock valued at $25,194,000 after buying an additional 1,734 shares during the period. Finally, Washington Trust Bank lifted its position in Priceline Group by 4.3% during the fourth quarter. Washington Trust Bank now owns 3,251 shares of the business services provider’s stock valued at $5,649,000 after buying an additional 135 shares during the period. 93.87% of the stock is owned by institutional investors.
PCLN has been the subject of several recent research reports. Credit Suisse Group raised Priceline Group to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Deutsche Bank reissued a “hold” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, October 24th. Royal Bank of Canada raised their price objective on Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Finally, JMP Securities raised their price objective on Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Priceline Group has a consensus rating of “Buy” and a consensus target price of $2,025.31.
In related news, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction dated Wednesday, November 22nd. The stock was 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 directly owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 122 shares of Priceline Group stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at $9,414,311.40. The disclosure for this sale can be found here. Insiders sold a total of 1,444 shares of company stock valued at $2,569,269 over the last quarter. 0.24% of the stock is owned by corporate insiders.
Priceline Group Inc (PCLN) traded up $14.75 during midday trading on Friday, reaching $1,885.00. The company had a trading volume of 559,163 shares, compared to its average volume of 496,050. Priceline Group Inc has a 52 week low of $1,612.41 and a 52 week high of $2,067.99. The company has a market cap of $92,060.00, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.35 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.
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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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