New Amsterdam Partners LLC NY cut its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332 shares of the business services provider’s stock after selling 68 shares during the period. New Amsterdam Partners LLC NY’s holdings in The Priceline Group were worth $591,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in The Priceline Group by 3.9% in the fourth quarter. State Street Corp now owns 1,994,529 shares of the business services provider’s stock worth $2,924,101,000 after buying an additional 74,884 shares during the period. Jennison Associates LLC raised its position in The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Dodge & Cox purchased a new position in The Priceline Group during the fourth quarter worth $1,173,150,000. Egerton Capital UK LLP raised its position in The Priceline Group by 6.6% in the third quarter. Egerton Capital UK LLP now owns 394,705 shares of the business services provider’s stock worth $580,804,000 after buying an additional 24,483 shares during the last quarter. Finally, Norges Bank purchased a new position in The Priceline Group during the fourth quarter worth $522,294,000. 96.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Priceline Group Inc. (PCLN) traded down 0.36% on Friday, reaching $1802.61. 524,281 shares of the company’s stock were exchanged. The stock has a market cap of $88.58 billion, a price-to-earnings ratio of 40.69 and a beta of 1.41. The company’s 50 day moving average is $1,853.15 and its 200-day moving average is $1,693.08. The Priceline Group Inc. has a one year low of $1,148.06 and a one year high of $1,927.13.
The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, topping the consensus estimate of $8.83 by $1.05. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the company earned $10.54 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $73.68 EPS for the current year.
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A number of research analysts recently weighed in on PCLN shares. Benchmark Co. reissued a “buy” rating and set a $2,050.00 price target (up from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. Deutsche Bank AG lifted their price objective on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $2,070.00 price objective (up previously from $1,915.00) on shares of The Priceline Group in a research report on Monday, May 8th. Vetr lowered shares of The Priceline Group from a “hold” rating to a “sell” rating and set a $1,674.80 price objective on the stock. in a research report on Monday, March 13th. Finally, Macquarie set a $1,970.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The Priceline Group has a consensus rating of “Buy” and a consensus price target of $1,928.36.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction dated 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 transaction, the director now owns 346 shares in the company, valued at $642,753.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total value of $212,646.00. Following the completion of the transaction, the chief executive officer now owns 6,289 shares in the company, valued at approximately $10,961,727. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
About The Priceline Group
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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