Parkwood LLC Buys Shares of 174 The Priceline Group Inc. (PCLN)
Parkwood LLC bought a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The institutional investor bought 174 shares of the business services provider’s stock, valued at approximately $325,000.
Other large investors have also recently modified their holdings of the company. Regent Investment Management LLC increased its stake in shares of The Priceline Group by 82.4% in the first quarter. Regent Investment Management LLC now owns 3,551 shares of the business services provider’s stock valued at $6,321,000 after buying an additional 1,604 shares during the period. Pinnacle Bank purchased a new stake in shares of The Priceline Group during the first quarter valued at about $178,000. Tompkins Financial Corp increased its stake in shares of The Priceline Group by 165.6% in the first quarter. Tompkins Financial Corp now owns 749 shares of the business services provider’s stock valued at $965,000 after buying an additional 467 shares during the period. Eastern Bank purchased a new stake in shares of The Priceline Group during the first quarter valued at about $235,000. Finally, Atria Investments LLC increased its stake in shares of The Priceline Group by 1.2% in the first quarter. Atria Investments LLC now owns 1,209 shares of the business services provider’s stock valued at $2,152,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.41% on Friday, reaching $1857.13. 396,085 shares of the company were exchanged. The firm has a 50 day moving average price of $1,951.16 and a 200-day moving average price of $1,807.68. The stock has a market capitalization of $91.11 billion, a PE ratio of 39.44 and a beta of 1.42. The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,067.99. The Priceline Group also was the target of unusually large options trading activity on Tuesday. Investors purchased 15,301 put options on the company. This is an increase of approximately 209% compared to the typical daily volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $13.93 EPS. On average, analysts predict that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.
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Several brokerages recently issued reports on PCLN. Barclays PLC reiterated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday. Wells Fargo & Company reiterated a “hold” rating and issued a $1,850.00 target price on shares of The Priceline Group in a research note on Wednesday. Royal Bank Of Canada raised their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Wednesday. Deutsche Bank AG restated a “hold” rating and set a $2,075.00 price objective (up from $1,950.00) on shares of The Priceline Group in a research report on Wednesday. Finally, Macquarie raised their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday. 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 assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,909.30.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares of the company’s stock, valued at approximately $642,753.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. In the last three months, insiders sold 1,744 shares of company stock worth $3,245,648. 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.
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