Priceline Group Inc (PCLN) Holdings Lifted by National Pension Service

National Pension Service raised its holdings in Priceline Group Inc (NASDAQ:PCLN) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,421 shares of the business services provider’s stock after purchasing an additional 1,127 shares during the period. National Pension Service’s holdings in Priceline Group were worth $73,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Priceline Group during the 2nd quarter worth $101,000. Horan Capital Advisors LLC. bought a new position in shares of Priceline Group during the 3rd quarter worth $103,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Priceline Group during the 2nd quarter worth $133,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Priceline Group during the 2nd quarter worth $187,000. Finally, Fieldpoint Private Securities LLC grew its stake in shares of Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Priceline Group Inc (PCLN) opened at $1,919.47 on Wednesday. The firm has a market capitalization of $93,608.26, a PE ratio of 26.88, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. Priceline Group Inc has a 1-year low of $1,528.01 and a 1-year high of $2,067.99.

Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data 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 company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. Priceline Group’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $29.69 EPS. research analysts anticipate that Priceline Group Inc will post 74.42 earnings per share for the current year.

In related news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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 in the company, valued at approximately $250,561.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total value of $216,298.68. Following the transaction, the chief executive officer now owns 5,310 shares in the company, valued at $9,414,311.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,445 shares of company stock worth $2,544,764. 0.24% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on PCLN shares. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, October 24th. Piper Jaffray Companies restated an “overweight” rating and issued a $2,000.00 target price on shares of Priceline Group in a research note on Tuesday, November 7th. Barclays restated a “buy” rating and issued a $2,150.00 target price on shares of Priceline Group in a research note on Wednesday, October 11th. Stifel Nicolaus cut their target price on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, MKM Partners downgraded Priceline Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $2,225.00 to $1,850.00 in a research note on Thursday, December 7th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $2,010.80.

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Priceline Group 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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