Bray Capital Advisors lowered its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 2,046 shares of the business services provider’s stock after selling 46 shares during the period. The Priceline Group comprises about 2.1% of Bray Capital Advisors’ holdings, making the stock its 10th largest position. Bray Capital Advisors’ holdings in The Priceline Group were worth $3,827,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of PCLN. Vanguard Group Inc. increased its stake in The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after buying an additional 93,992 shares during the last quarter. FMR LLC increased its stake in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Jennison Associates LLC increased its stake 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 valued at $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Edgewood Management LLC increased its stake in The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock valued at $1,011,714,000 after buying an additional 18,746 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in The Priceline Group by 1.0% in the first quarter. Janus Capital Management LLC now owns 560,060 shares of the business services provider’s stock valued at $996,885,000 after buying an additional 5,434 shares during the last quarter. 95.01% of the stock is owned by institutional investors.
Shares of The Priceline Group Inc. (PCLN) traded down 2.19% during trading on Thursday, hitting $1865.00. 520,310 shares of the stock were exchanged. The firm has a 50 day moving average of $1,951.68 and a 200-day moving average of $1,807.38. The Priceline Group Inc. has a 52-week low of $1,392.44 and a 52-week high of $2,067.99. The stock has a market cap of $91.49 billion, a PE ratio of 39.61 and a beta of 1.42. The Priceline Group also was the target of some unusual options trading activity on Tuesday. Traders acquired 15,301 put options on the company. This represents an increase of approximately 209% compared to the average volume of 4,950 put options.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 34.28%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $13.93 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.
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PCLN has been the subject of several recent research reports. 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 research report on Tuesday, July 18th. Cowen and Company reissued an “outperform” rating and set a $2,000.00 target price on shares of The Priceline Group in a research report on Tuesday, May 23rd. Jefferies Group LLC reissued a “buy” rating and set a $2,300.00 target price (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price for the company in a research report on Wednesday, May 17th. Finally, J P Morgan Chase & Co boosted their target price on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,909.30.
In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold 1,744 shares of company stock worth $3,245,648 in the last quarter. Company 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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