The Priceline Group Inc. (PCLN) Shares Bought by Bamco Inc. NY
Bamco Inc. NY grew its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,898 shares of the business services provider’s stock after acquiring an additional 54 shares during the period. Bamco Inc. NY owned 0.09% of The Priceline Group worth $78,371,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd bought a new position in The Priceline Group in the 2nd quarter worth about $101,000. Shine Investment Advisory Services Inc. bought a new position in The Priceline Group in the 2nd quarter worth about $105,000. Assetmark Inc. grew its stake in The Priceline Group by 12.5% in the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after acquiring an additional 7 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in The Priceline Group in the 2nd quarter worth about $112,000. Finally, Proficio Capital Partners LLC grew its stake in 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 worth $129,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.
The Priceline Group Inc. (NASDAQ PCLN) traded down 0.02% on Thursday, hitting $1818.55. 77,967 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $1,873.07 and its 200-day moving average price is $1,851.42. The Priceline Group Inc. has a 12-month low of $1,422.19 and a 12-month high of $2,067.99. The company has a market cap of $89.22 billion, a PE ratio of 38.62 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business posted $13.93 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts forecast that The Priceline Group Inc. will post $74.70 earnings per share for the current year.
PCLN has been the topic of a number of research analyst reports. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. SunTrust Banks, Inc. initiated coverage on shares of The Priceline Group in a research note on Tuesday, August 15th. They issued a “buy” rating and a $2,200.00 target price on the stock. Bank of America Corporation restated a “buy” rating and issued a $2,150.00 target price on shares of The Priceline Group in a research note on Tuesday. Credit Suisse Group set a $2,150.00 target price on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,942.71.
In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, September 15th. The shares were 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 owns 5,677 shares in the company, valued at approximately $10,479,571.69. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were 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 owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,867 shares of company stock valued at $5,384,080. Company insiders own 0.42% of the company’s stock.
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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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