Roberts Glore & Co. Inc. IL Has $697,000 Position in The Priceline Group Inc. (PCLN)
Roberts Glore & Co. Inc. IL raised its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 558 shares of the company’s stock after buying an additional 1 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in The Priceline Group were worth $697,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Orbis Allan Gray Ltd acquired a new stake in shares of The Priceline Group during the first quarter valued at about $251,864,000. Renaissance Technologies LLC purchased a new stake in The Priceline Group during the first quarter worth $99,120,000. 1832 Asset Management L.P. purchased a new stake in The Priceline Group during the first quarter worth $119,962,000. Swedbank increased its stake in The Priceline Group by 33.5% in the second quarter. Swedbank now owns 220,310 shares of the company’s stock worth $275,037,000 after buying an additional 55,253 shares during the period. Finally, Scharf Investments LLC increased its stake in The Priceline Group by 45.9% in the first quarter. Scharf Investments LLC now owns 164,242 shares of the company’s stock worth $47,459,000 after buying an additional 51,634 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.20% during trading on Friday, reaching $1439.57. The company’s stock had a trading volume of 328,736 shares. The Priceline Group Inc. has a 52-week low of $954.02 and a 52-week high of $1,501.79. The company has a market cap of $71.15 billion, a PE ratio of 27.38 and a beta of 1.62. The firm’s 50-day moving average is $1,449.62 and its 200 day moving average is $1,352.80.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.69 by $1.24. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group had a return on equity of 32.93% and a net margin of 27.08%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $12.45 earnings per share. On average, equities research analysts predict that The Priceline Group Inc. will post $68.57 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Thursday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,600.00 price target on shares of The Priceline Group in a research note on Tuesday, June 28th. Jefferies Group reaffirmed a “buy” rating and set a $1,660.00 price target on shares of The Priceline Group in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of The Priceline Group in a research note on Sunday, July 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of The Priceline Group in a research note on Friday, August 5th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,538.19.
In other news, CEO Jeffery H. Boyd sold 3,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $1,353.90, for a total transaction of $4,061,700.00. Following the transaction, the chief executive officer now owns 94,488 shares in the company, valued at $127,927,303.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffery H. Boyd sold 2,814 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $1,467.98, for a total value of $4,130,895.72. Following the transaction, the chief executive officer now owns 88,939 shares in the company, valued at approximately $130,560,673.22. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant 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.
Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).
Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.