Priceline Group Inc (PCLN) Shares Sold by First Mercantile Trust Co.
First Mercantile Trust Co. decreased its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 55.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 156 shares of the business services provider’s stock after selling 193 shares during the quarter. First Mercantile Trust Co.’s holdings in Priceline Group were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D acquired a new position in Priceline Group during the third quarter worth approximately $36,616,000. Equitec Proprietary Markets LLC purchased a new position in shares of Priceline Group in the 3rd quarter valued at approximately $549,000. Troy Asset Management Ltd purchased a new position in shares of Priceline Group in the 3rd quarter valued at approximately $3,295,000. Huntington National Bank grew its stake in shares of Priceline Group by 14.4% in the 3rd quarter. Huntington National Bank now owns 13,761 shares of the business services provider’s stock valued at $25,194,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Washington Trust Bank grew its stake in shares of Priceline Group by 4.3% in the 4th quarter. Washington Trust Bank now owns 3,251 shares of the business services provider’s stock valued at $5,649,000 after purchasing an additional 135 shares during the last quarter. 93.87% of the stock is currently owned by institutional investors.
Shares of Priceline Group Inc (NASDAQ:PCLN) opened at $1,790.00 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. Priceline Group Inc has a 12 month low of $1,612.41 and a 12 month high of $2,067.99. The firm has a market capitalization of $86,078.23, a P/E ratio of 23.71, a P/E/G ratio of 1.31 and a beta of 1.38.
In related news, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 123 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,567 shares of company stock worth $2,780,310. Company insiders own 0.24% of the company’s stock.
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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