The Priceline Group Inc. (NASDAQ:PCLN) Shares Sold by Integrated Investment Consultants LLC
Integrated Investment Consultants LLC decreased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80 shares of the business services provider’s stock after selling 3 shares during the period. Integrated Investment Consultants LLC’s holdings in The Priceline Group were worth $150,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in PCLN. Hartford Financial Management Inc. bought a new position in shares of The Priceline Group during the first quarter valued at about $106,000. Webster Bank N. A. increased its position in shares of The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock valued at $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. increased its position in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after buying an additional 7 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of The Priceline Group during the first quarter valued at about $123,000. Finally, Proficio Capital Partners LLC increased its position in shares of The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after buying an additional 16 shares in the last quarter. 95.01% of the stock is currently owned by institutional investors and hedge funds.
The Priceline Group Inc. (NASDAQ PCLN) traded up 0.09% on Tuesday, hitting $2044.50. 140,844 shares of the stock traded hands. The stock has a market cap of $100.47 billion, a P/E ratio of 46.16 and a beta of 1.42. The Priceline Group Inc. has a 12-month low of $1,336.03 and a 12-month high of $2,060.00. The stock has a 50-day moving average price of $1,920.50 and a 200 day moving average price of $1,790.59.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $1.05. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the firm posted $10.54 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts expect that The Priceline Group Inc. will post $74.20 EPS for the current fiscal year.
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PCLN has been the subject of several research reports. Benchmark Co. restated a “buy” rating and set a $2,050.00 price objective (up from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. Deutsche Bank AG lifted their price objective on The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. restated an “outperform” rating and set a $2,070.00 price objective (up from $1,915.00) on shares of The Priceline Group in a research report on Monday, May 8th. Macquarie set a $1,970.00 price target on The Priceline Group and gave the company a “buy” rating in a report on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on The Priceline Group from $1,750.00 to $1,850.00 and gave the company a “neutral” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and a consensus price target of $1,899.45.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at $10,963,816. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,744 shares of company stock valued at $3,245,648. Insiders own 0.42% of the company’s stock.
About The 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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