Bollard Group LLC Has $234,000 Position in The Priceline Group Inc. (PCLN)
Bollard Group LLC maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125 shares of the business services provider’s stock at the end of the second quarter. Bollard Group LLC’s holdings in The Priceline Group were worth $234,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in The Priceline Group during the fourth quarter worth $118,000. Kentucky Retirement Systems purchased a new stake in The Priceline Group during the fourth quarter worth $5,250,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in The Priceline Group during the fourth quarter worth $2,343,000. Deane Retirement Strategies Inc. increased its stake in The Priceline Group by 4.8% in the first quarter. Deane Retirement Strategies Inc. now owns 1,198 shares of the business services provider’s stock worth $2,133,000 after buying an additional 55 shares in the last quarter. Finally, Cohen Lawrence B increased its stake in The Priceline Group by 1.1% in the first quarter. Cohen Lawrence B now owns 1,856 shares of the business services provider’s stock worth $3,304,000 after buying an additional 21 shares in the last quarter. 95.01% of the stock is owned by hedge funds and other institutional investors.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.49% during midday trading on Monday, reaching $2042.64. The company had a trading volume of 401,249 shares. The Priceline Group Inc. has a 12-month low of $1,336.03 and a 12-month high of $2,044.51. The company has a 50 day moving average of $1,920.50 and a 200 day moving average of $1,790.59. The firm has a market capitalization of $100.38 billion, a price-to-earnings ratio of 46.11 and a beta of 1.42.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.83 by $1.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $10.54 earnings per share. Analysts anticipate that The Priceline Group Inc. will post $74.20 EPS for the current year.
A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. MKM Partners reaffirmed a “buy” rating and set a $2,050.00 price objective (up previously from $2,030.00) on shares of The Priceline Group in a research report on Wednesday, May 17th. Credit Suisse Group raised their price objective on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Deutsche Bank AG raised their price objective on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, UBS AG reaffirmed a “buy” rating and set a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $1,899.45.
In related news, CEO Gillian Tans sold 122 shares of the 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 completion of the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at $11,544,761.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the transaction, the director now owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock valued at $3,245,648 over the last 90 days. Company insiders own 0.42% of the company’s stock.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.