Bluefin Trading LLC Acquires Shares of 459 The Priceline Group Inc. (PCLN)

Bluefin Trading LLC acquired a new stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 459 shares of the business services provider’s stock, valued at approximately $859,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PCLN. Waldron LP increased its holdings in The Priceline Group by 68.9% during the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after buying an additional 168 shares during the last quarter. HL Financial Services LLC increased its holdings in The Priceline Group by 15.3% during the first quarter. HL Financial Services LLC now owns 444 shares of the business services provider’s stock worth $790,000 after buying an additional 59 shares during the last quarter. Mogy Joel R Investment Counsel Inc. increased its holdings in The Priceline Group by 5.1% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 920 shares of the business services provider’s stock worth $1,638,000 after buying an additional 45 shares during the last quarter. Schwartz Investment Counsel Inc. increased its holdings in The Priceline Group by 40.0% during the first quarter. Schwartz Investment Counsel Inc. now owns 3,500 shares of the business services provider’s stock worth $6,230,000 after buying an additional 1,000 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in The Priceline Group by 12.5% during the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://sportsperspectives.com/2017/10/09/bluefin-trading-llc-acquires-shares-of-459-the-priceline-group-inc-pcln.html.

In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,867 shares of company stock valued at $5,384,080. Corporate insiders own 0.24% of the company’s stock.

The Priceline Group Inc. (NASDAQ PCLN) traded up 0.97% during midday trading on Monday, reaching $1936.59. 95,300 shares of the company traded hands. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99. The firm has a 50-day moving average price of $1,842.80 and a 200-day moving average price of $1,859.42. The firm has a market capitalization of $95.01 billion, a price-to-earnings ratio of 41.13 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion during 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 company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $13.93 EPS. Equities analysts predict that The Priceline Group Inc. will post $74.79 EPS for the current fiscal year.

PCLN has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Morgan Stanley boosted their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Credit Suisse Group set a $2,150.00 target price on shares of The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, UBS AG restated an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,952.67.

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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply