Callahan Advisors LLC Buys 174 Shares of The Priceline Group Inc. (PCLN)
Callahan Advisors LLC raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 4.1% during the third quarter, Holdings Channel reports. The firm owned 4,413 shares of the company’s stock after buying an additional 174 shares during the period. The Priceline Group makes up approximately 1.6% of Callahan Advisors LLC’s investment portfolio, making the stock its 28th largest position. Callahan Advisors LLC’s holdings in The Priceline Group were worth $6,494,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Capital World Investors boosted its stake in shares of The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock worth $1,542,830,000 after buying an additional 340,386 shares during the period. Lone Pine Capital LLC boosted its stake in shares of The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock worth $1,399,165,000 after buying an additional 329,121 shares during the period. Jennison Associates LLC boosted its stake in shares of The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock worth $1,071,342,000 after buying an additional 150,154 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of The Priceline Group by 73.6% in the second quarter. BlackRock Investment Management LLC now owns 216,593 shares of the company’s stock worth $270,397,000 after buying an additional 91,819 shares during the period. Finally, Bloom Tree Partners LLC acquired a new stake in shares of The Priceline Group during the second quarter worth $72,630,000. 94.33% of the stock is currently owned by institutional investors.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.36% during trading on Tuesday, reaching $1519.62. 260,469 shares of the company traded hands. The Priceline Group Inc. has a 12 month low of $954.02 and a 12 month high of $1,600.93. The stock has a market cap of $74.99 billion, a P/E ratio of 38.79 and a beta of 1.69. The stock’s 50 day moving average price is $1,486.76 and its 200-day moving average price is $1,395.39.
The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $29.88 by $1.30. The company earned $3.69 billion during the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $25.35 EPS. On average, equities research analysts expect that The Priceline Group Inc. will post $64.44 EPS for the current fiscal year.
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A number of analysts have weighed in on PCLN shares. Cantor Fitzgerald reissued a “buy” rating and set a $1,560.00 target price (up from $1,453.49) on shares of The Priceline Group in a report on Thursday, September 29th. Jefferies Group reissued a “buy” rating and set a $1,700.00 target price on shares of The Priceline Group in a report on Tuesday, October 25th. Piper Jaffray Cos. reissued an “overweight” rating and set a $1,625.00 target price (up from $1,500.00) on shares of The Priceline Group in a report on Monday, August 1st. Evercore ISI raised shares of The Priceline Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,360.00 to $1,650.00 in a report on Thursday, August 18th. Finally, Vetr raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating and set a $1,698.54 price objective on the stock in a report on Monday, September 5th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,622.45.
In other news, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of the transaction, the insider now directly owns 25,131 shares in the company, valued at approximately $36,056,702.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 131 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $1,499.97, for a total value of $196,496.07. Following the transaction, the chief executive officer now owns 5,526 shares of the company’s stock, valued at $8,288,834.22. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
The Priceline Group Company Profile
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.
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