Wetherby Asset Management Inc. lifted its position in Priceline Group Inc (NASDAQ:PCLN) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 971 shares of the business services provider’s stock after buying an additional 41 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Priceline Group were worth $1,687,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PCLN. Intl Fcstone Inc. bought a new stake in shares of Priceline Group in the 2nd quarter worth about $664,000. BerganKDV Wealth Management LLC bought a new stake in shares of Priceline Group in the 3rd quarter worth about $491,000. Arcadia Investment Management Corp MI grew its holdings in shares of Priceline Group by 10.6% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 752 shares of the business services provider’s stock worth $1,377,000 after purchasing an additional 72 shares during the last quarter. Summit X LLC bought a new stake in shares of Priceline Group in the 3rd quarter worth about $239,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Priceline Group by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $1,910,000 after purchasing an additional 48 shares during the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Gillian Tans sold 123 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total transaction of $227,655.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,567 shares of company stock valued at $2,796,925. 0.24% of the stock is owned by company insiders.
Shares of Priceline Group Inc (NASDAQ PCLN) opened at $1,885.00 on Monday. 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 debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $91,930.58, a P/E ratio of 26.40, a P/E/G ratio of 1.40 and a beta of 1.38.
PCLN has been the topic of several analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a $2,050.00 target price on shares of Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and set a $2,000.00 price target on shares of Priceline Group in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus reduced their price target on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Finally, Barclays reiterated an “overweight” rating on shares of Priceline Group in a research report on Tuesday, November 7th. Ten 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 Company 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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