Comerica Bank Has $36.71 Million Holdings in The Priceline Group Inc. (PCLN)
Comerica Bank decreased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,527 shares of the business services provider’s stock after selling 82 shares during the quarter. Comerica Bank’s holdings in The Priceline Group were worth $36,706,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Swiss National Bank grew its position in shares of The Priceline Group by 2.7% during the second quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after purchasing an additional 4,800 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in The Priceline Group during the third quarter valued at approximately $36,616,000. Pacer Advisors Inc. boosted its stake in The Priceline Group by 4.4% during the second quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock valued at $3,081,000 after buying an additional 69 shares during the last quarter. Norinchukin Bank The boosted its stake in The Priceline Group by 4.0% during the second quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock valued at $11,115,000 after buying an additional 228 shares during the last quarter. Finally, Troy Asset Management Ltd bought a new position in The Priceline Group during the third quarter valued at approximately $3,295,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
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Shares of The Priceline Group Inc. (NASDAQ PCLN) traded down $2.65 during mid-day trading on Wednesday, hitting $1,719.50. The stock had a trading volume of 525,300 shares, compared to its average volume of 459,560. The firm has a market cap of $83,988.46, a PE ratio of 23.13, a PEG ratio of 1.36 and a beta of 1.43. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group Inc. has a fifty-two week low of $1,459.49 and a fifty-two week high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $29.69 EPS. research analysts expect that The Priceline Group Inc. will post 74.44 EPS for the current year.
In other news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the completion of the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.
A number of brokerages recently commented on PCLN. Credit Suisse Group reissued an “outperform” rating and set a $2,070.00 price target (down from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Macquarie increased their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research note on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and set a $2,075.00 price target (up from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Royal Bank Of Canada increased their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reissued a “hold” rating and set a $1,850.00 price target on shares of The Priceline Group in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and a consensus target price of $2,020.52.
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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