Bank Hapoalim BM boosted its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 209.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 399 shares of the business services provider’s stock after buying an additional 270 shares during the period. Bank Hapoalim BM’s holdings in The Priceline Group were worth $746,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PCLN. Harvest Fund Management Co. Ltd acquired a new position in shares of The Priceline Group in the 2nd quarter valued at about $101,000. Shine Investment Advisory Services Inc. acquired a new position in shares of The Priceline Group in the 2nd quarter valued at about $105,000. Capital Advisors Ltd. LLC acquired a new position in shares of The Priceline Group in the 2nd quarter valued at about $112,000. Assetmark Inc. increased its holdings in shares of The Priceline Group by 12.5% in the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 7 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of The Priceline Group by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.
In other news, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold a total of 2,745 shares of company stock valued at $5,158,872 over the last quarter. 0.42% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently weighed in on PCLN shares. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. SunTrust Banks, Inc. started coverage on The Priceline Group in a report on Tuesday, August 15th. They issued a “buy” rating and a $2,200.00 target price on the stock. Credit Suisse Group set a $2,150.00 target price on The Priceline Group and gave the company a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and a consensus price target of $1,924.32.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.11% on Tuesday, hitting $1852.08. The stock had a trading volume of 29,467 shares. The stock’s 50-day moving average price is $1,877.89 and its 200 day moving average price is $1,850.52. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The company has a market cap of $90.86 billion, a PE ratio of 39.34 and a beta of 1.47.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the company posted $13.93 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that The Priceline Group Inc. will post $74.70 EPS for the current year.
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The 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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