Bp Plc Has $11,223,000 Position in The Priceline Group Inc. (PCLN)
Bp Plc held its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,000 shares of the business services provider’s stock at the end of the second quarter. Bp Plc’s holdings in The Priceline Group were worth $11,223,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of PCLN. Hartford Financial Management Inc. purchased a new stake in The Priceline Group during the first quarter valued at approximately $106,000. Capital Advisors Ltd. LLC purchased a new stake in The Priceline Group during the second quarter valued at approximately $112,000. Webster Bank N. A. boosted its stake in 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 during the period. Assetmark Inc. boosted its stake in 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 during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in The Priceline Group during the first quarter valued at approximately $123,000. Hedge funds and other institutional investors own 95.22% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1810.00 on Friday. The Priceline Group Inc. has a one year low of $1,402.67 and a one year high of $2,067.99. The stock has a market capitalization of $88.80 billion, a P/E ratio of 38.44 and a beta of 1.42. The stock’s 50 day moving average is $1,946.27 and its 200-day moving average is $1,818.99.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.93 EPS. On average, equities research analysts expect that The Priceline Group Inc. will post $74.77 EPS for the current year.
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Several analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Vetr upgraded shares of The Priceline Group from a “sell” rating to a “hold” rating and set a $1,875.00 target price for the company in a research note on Thursday, May 11th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,924.32.
In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’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 owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders sold a total of 4,367 shares of company stock worth $8,166,685 in the last quarter. 0.42% of the stock is owned by corporate insiders.
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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