The Priceline Group Inc. (PCLN) Position Trimmed by BTC Capital Management Inc.

BTC Capital Management Inc. trimmed its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 23.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 614 shares of the business services provider’s stock after selling 185 shares during the period. BTC Capital Management Inc.’s holdings in The Priceline Group were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Well Done LLC raised its position in The Priceline Group by 1.2% during the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after buying an additional 2 shares during the period. Pinnacle Associates Ltd. grew its stake in The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after purchasing an additional 3 shares in the last quarter. LS Investment Advisors LLC grew its stake in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 4 shares in the last quarter. First National Bank of Hutchinson grew its stake in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 4 shares in the last quarter. Finally, Hedeker Wealth LLC grew its stake in The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock valued at $909,000 after purchasing an additional 5 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the completion of the sale, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

The Priceline Group Inc. (NASDAQ PCLN) traded up $0.62 during mid-day trading on Tuesday, reaching $1,722.77. The company had a trading volume of 108,982 shares, compared to its average volume of 459,260. The Priceline Group Inc. has a 12-month low of $1,459.49 and a 12-month high of $2,067.99. The firm has a market cap of $84,490.00, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm posted $29.69 EPS. The business’s revenue was up 20.1% on a year-over-year basis. equities research analysts forecast that The Priceline Group Inc. will post 74.44 earnings per share for the current year.

PCLN has been the subject of several recent analyst reports. Barclays PLC reiterated a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America Corporation reiterated a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $2,020.52.

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

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