Creative Planning boosted its position in Priceline Group Inc (NASDAQ:PCLN) by 21.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,039 shares of the business services provider’s stock after buying an additional 1,266 shares during the quarter. Creative Planning’s holdings in Priceline Group were worth $12,232,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Gateway Investment Advisers LLC grew its position in Priceline Group by 1.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 29,992 shares of the business services provider’s stock worth $52,118,000 after purchasing an additional 424 shares in the last quarter. National Pension Service grew its position in Priceline Group by 2.7% in the 4th quarter. National Pension Service now owns 42,421 shares of the business services provider’s stock worth $73,717,000 after purchasing an additional 1,127 shares in the last quarter. Asset Dedication LLC grew its position in Priceline Group by 1,209.1% in the 4th quarter. Asset Dedication LLC now owns 144 shares of the business services provider’s stock worth $251,000 after purchasing an additional 133 shares in the last quarter. Central Bank & Trust Co. bought a new stake in Priceline Group in the 4th quarter worth about $2,504,000. Finally, Bank of Montreal Can grew its position in Priceline Group by 6.4% in the 4th quarter. Bank of Montreal Can now owns 52,430 shares of the business services provider’s stock worth $91,108,000 after purchasing an additional 3,158 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now directly owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,445 shares of company stock valued at $2,544,764. 0.24% of the stock is owned by insiders.
Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data 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. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. Priceline Group’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $29.69 EPS. analysts predict that Priceline Group Inc will post 74.42 earnings per share for the current year.
A number of brokerages have issued reports on PCLN. SunTrust Banks upped their price objective on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Oppenheimer upped their price objective on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Vetr downgraded shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price objective for the company. in a research report on Monday, January 8th. Finally, BidaskClub raised shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Eleven research 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2,010.80.
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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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