The Priceline Group Inc. (PCLN) Stake Held by Regentatlantic Capital LLC
Regentatlantic Capital LLC continued to hold its position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The institutional investor owned 216 shares of the business services provider’s stock at the end of the second quarter. Regentatlantic Capital LLC’s holdings in The Priceline Group were worth $404,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCLN. Union Bankshares Corp purchased a new position in The Priceline Group during the first quarter worth about $201,000. Addenda Capital Inc. raised its position in The Priceline Group by 6.4% in the first quarter. Addenda Capital Inc. now owns 4,275 shares of the business services provider’s stock worth $7,610,000 after buying an additional 258 shares during the period. Vontobel Asset Management Inc. raised its position in The Priceline Group by 3.6% in the first quarter. Vontobel Asset Management Inc. now owns 198,395 shares of the business services provider’s stock worth $358,255,000 after buying an additional 6,920 shares during the period. Koshinski Asset Management Inc. purchased a new position in The Priceline Group during the first quarter worth about $208,000. Finally, Quadrant Capital Group LLC raised its position in The Priceline Group by 8.0% in the first quarter. Quadrant Capital Group LLC now owns 135 shares of the business services provider’s stock worth $226,000 after buying an additional 10 shares during the period. Institutional investors own 95.01% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded down 7.32% during mid-day trading on Wednesday, reaching $1899.00. 1,454,368 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $1,937.58 and a 200-day moving average price of $1,795.67. The company has a market capitalization of $93.32 billion, a P/E ratio of 42.87 and a beta of 1.42. The Priceline Group Inc. has a 1-year low of $1,392.44 and a 1-year high of $2,043.95. The Priceline Group also saw unusually large options trading on Tuesday. Stock investors bought 15,301 put options on the stock. This is an increase of 209% compared to the average volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $13.93 EPS. On average, equities research analysts forecast that The Priceline Group Inc. will post $74.20 earnings per share for the current fiscal year.
PCLN has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $2,000.00 target price (up from $1,860.00) on shares of The Priceline Group in a report on Thursday, April 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,850.00 target price on shares of The Priceline Group in a report on Monday, April 17th. Macquarie set a $1,970.00 target price on shares of The Priceline Group and gave the company a “buy” rating in a report on Tuesday, April 18th. Cowen and Company upped their target price on shares of The Priceline Group from $1,850.00 to $2,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Finally, Credit Suisse Group upped their target price on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,905.97.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total value of $221,308.00. Following the transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares in the company, 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 worth $3,245,648. Company 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 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.
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.