The Priceline Group Inc. (PCLN) Shares Sold by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC cut its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,932 shares of the business services provider’s stock after selling 58 shares during the period. Mutual of America Capital Management LLC’s holdings in The Priceline Group were worth $10,860,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Waldron LP lifted its holdings in shares of The Priceline Group by 68.9% during the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 168 shares during the last quarter. Chesapeake Asset Management LLC purchased a new position in shares of The Priceline Group during the first quarter valued at approximately $349,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of The Priceline Group during the first quarter valued at approximately $1,831,000. NN Investment Partners Holdings N.V. lifted its holdings in shares of The Priceline Group by 10.1% during the first quarter. NN Investment Partners Holdings N.V. now owns 58,321 shares of the business services provider’s stock valued at $103,809,000 after purchasing an additional 5,370 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of The Priceline Group by 18.6% during the first quarter. Meiji Yasuda Life Insurance Co now owns 2,169 shares of the business services provider’s stock valued at $3,861,000 after purchasing an additional 340 shares during the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.
In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the completion of the transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now directly 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 three months, insiders have sold 2,867 shares of company stock valued at $5,382,925. 0.24% of the stock is currently owned by corporate insiders.
The Priceline Group Inc. (PCLN) traded up 0.74% during midday trading on Friday, reaching $1942.11. 307,025 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $1,873.94 and its 200-day moving average is $1,869.68. The stock has a market capitalization of $95.28 billion, a price-to-earnings ratio of 41.25 and a beta of 1.47. The Priceline Group Inc. has a 12-month low of $1,422.19 and a 12-month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion during 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 business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $13.93 earnings per share. On average, equities analysts forecast that The Priceline Group Inc. will post $74.81 earnings per share for the current year.
Several equities analysts have recently issued reports on PCLN shares. BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Morgan Stanley lifted their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $2,200.00 target price on shares of The Priceline Group in a report on Wednesday, October 4th. Finally, Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,961.00.
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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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