Bach Investment Advisors Ltd Has $316,000 Stake in Priceline Group Inc (PCLN)

Bach Investment Advisors Ltd decreased its stake in Priceline Group Inc (NASDAQ:PCLN) by 24.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182 shares of the business services provider’s stock after selling 60 shares during the period. Priceline Group accounts for approximately 0.2% of Bach Investment Advisors Ltd’s holdings, making the stock its 14th largest position. Bach Investment Advisors Ltd’s holdings in Priceline Group were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D acquired a new stake in Priceline Group in the 3rd quarter valued at about $36,616,000. Equitec Proprietary Markets LLC acquired a new stake in Priceline Group in the 3rd quarter valued at about $549,000. Troy Asset Management Ltd acquired a new stake in Priceline Group in the 3rd quarter valued at about $3,295,000. Huntington National Bank lifted its stake in 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, River & Mercantile Asset Management LLP lifted its stake in Priceline Group by 5.0% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 2,096 shares of the business services provider’s stock valued at $3,836,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. Insiders have sold 1,445 shares of company stock worth $2,544,764 over the last ninety days. Insiders own 0.24% of the company’s stock.

Several equities research analysts recently issued reports on PCLN shares. Barclays reiterated a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a research note on Wednesday, October 11th. Bank of America reiterated a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and issued a $2,200.00 target price on shares of Priceline Group in a research note on Wednesday, October 4th. Zacks Investment Research downgraded shares of Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank reiterated a “hold” rating and issued a $2,050.00 target price on shares of Priceline Group in a research note on Tuesday, October 24th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,010.80.

Shares of Priceline Group Inc (NASDAQ PCLN) traded up $0.07 on Wednesday, hitting $1,919.47. 604,800 shares of the stock traded hands, compared to its average volume of 469,800. Priceline Group Inc has a 12 month low of $1,528.01 and a 12 month high of $2,067.99. The company has a market capitalization of $94,170.00, a PE ratio of 26.89, a PEG ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.

Priceline Group (NASDAQ:PCLN) last announced its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm earned $29.69 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. sell-side analysts forecast that Priceline Group Inc will post 74.42 EPS for the current year.

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

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