The Priceline Group Inc. (PCLN) Stake Raised by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,258 shares of the business services provider’s stock after purchasing an additional 9,405 shares during the period. Mackenzie Financial Corp owned 0.07% of The Priceline Group worth $59,059,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Swiss National Bank boosted its holdings in The Priceline Group by 2.7% in the second quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock valued at $336,043,000 after acquiring an additional 4,800 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in The Priceline Group in the third quarter valued at $36,616,000. Pacer Advisors Inc. boosted its holdings in The Priceline Group by 4.4% in the second quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock valued at $3,081,000 after acquiring an additional 69 shares during the last quarter. Norinchukin Bank The boosted its holdings in The Priceline Group by 4.0% in the second quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock valued at $11,115,000 after acquiring an additional 228 shares during the last quarter. Finally, Equitec Proprietary Markets LLC acquired a new position in The Priceline Group in the third quarter valued at $549,000. 94.68% of the stock is owned by institutional investors and hedge funds.

The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,723.24 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The Priceline Group Inc. has a one year low of $1,459.49 and a one year high of $2,067.99. The company has a market capitalization of $84,629.78, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40.

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

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total value of $225,208.34. Following the transaction, the chief executive officer now owns 5,677 shares in the company, valued at $10,479,571.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,567 shares of company stock worth $2,790,353. Insiders own 0.24% of the company’s stock.

A number of brokerages recently weighed in on PCLN. UBS reiterated a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. Susquehanna Bancshares reiterated a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. Barclays reiterated an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $2,000.00 target price (down previously from $2,070.00) on shares of The Priceline Group in a report on Tuesday, November 7th. Finally, Citigroup reiterated a “buy” rating and issued a $2,050.00 target price on shares of The Priceline Group in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and a consensus target price of $2,011.16.

WARNING: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/05/the-priceline-group-inc-pcln-stake-raised-by-mackenzie-financial-corp.html.

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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).

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

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply