The Priceline Group Inc. (PCLN) Shares Bought by Dowling & Yahnke LLC
Dowling & Yahnke LLC increased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,133 shares of the business services provider’s stock after buying an additional 13 shares during the period. Dowling & Yahnke LLC’s holdings in The Priceline Group were worth $2,119,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of The Priceline Group during the second quarter valued at approximately $105,000. Webster Bank N. A. raised its stake in shares of The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock valued at $110,000 after buying an additional 12 shares during the period. Assetmark Inc. raised its stake in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after buying an additional 7 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of The Priceline Group during the second quarter valued at approximately $112,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of The Priceline Group during the first quarter valued at approximately $123,000. Institutional investors and hedge funds own 95.22% of the company’s stock.
Shares of The Priceline Group Inc. (PCLN) opened at 1793.48 on Friday. The company has a market cap of $87.99 billion, a P/E ratio of 38.09 and a beta of 1.42. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99. The stock’s 50 day moving average is $1,936.36 and its 200-day moving average is $1,827.19.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $13.93 EPS. On average, equities analysts forecast that The Priceline Group Inc. will post $74.77 EPS for the current year.
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Several brokerages have commented on PCLN. Credit Suisse Group restated an “outperform” rating and issued a $2,070.00 price objective (down from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. MKM Partners reiterated a “buy” rating and set a $2,050.00 target price (up from $2,030.00) on shares of The Priceline Group in a report on Wednesday, May 17th. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,924.32.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold a total of 4,367 shares of company stock worth $8,166,685 over the last three months. 0.42% of the stock is currently owned by corporate insiders.
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.
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