The Priceline Group Inc. (PCLN) Holdings Cut by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187 shares of the business services provider’s stock after selling 45 shares during the period. Citizens Financial Group Inc. RI’s holdings in The Priceline Group were worth $342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Partners Capital Investment Group Holdings LLC purchased a new stake in shares of The Priceline Group during the 3rd quarter worth approximately $624,000. Impala Asset Management LLC boosted its stake in shares of The Priceline Group by 48.7% during the 3rd quarter. Impala Asset Management LLC now owns 1,181 shares of the business services provider’s stock worth $2,162,000 after acquiring an additional 387 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of The Priceline Group by 2.7% during the 3rd quarter. Polen Capital Management LLC now owns 343,368 shares of the business services provider’s stock worth $628,645,000 after acquiring an additional 8,938 shares in the last quarter. Argent Trust Co boosted its stake in shares of The Priceline Group by 10.6% during the 3rd quarter. Argent Trust Co now owns 848 shares of the business services provider’s stock worth $1,553,000 after acquiring an additional 81 shares in the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of The Priceline Group by 22.1% during the 3rd quarter. Financial Counselors Inc. now owns 891 shares of the business services provider’s stock worth $1,631,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 94.68% of the company’s stock.

Several equities research analysts have recently commented on PCLN shares. Jefferies Group reissued a “buy” rating and set a $2,300.00 price target (up previously from $2,250.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Oppenheimer reissued a “buy” rating and set a $1,950.00 price target (down previously from $2,100.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. MKM Partners reissued a “buy” rating and set a $2,225.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research note on Monday, August 14th. UBS reissued a “buy” rating and set a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Credit Suisse Group reaffirmed 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 research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,011.16.

The Priceline Group Inc. (NASDAQ PCLN) opened at $1,724.88 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $84,041.62, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, beating 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. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The Priceline Group’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted $29.69 EPS. equities research analysts anticipate that The Priceline Group Inc. will post 74.42 earnings per share for the current fiscal year.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction on 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 sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,790,353 over the last quarter. 0.24% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “The Priceline Group Inc. (PCLN) Holdings Cut by Citizens Financial Group Inc. RI” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/06/the-priceline-group-inc-pcln-holdings-cut-by-citizens-financial-group-inc-ri.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