Winfield Associates Inc. Has $2.23 Million Holdings in The Priceline Group Inc. (PCLN)
Winfield Associates Inc. decreased its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,220 shares of the business services provider’s stock after selling 120 shares during the period. The Priceline Group makes up about 1.2% of Winfield Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Winfield Associates Inc.’s holdings in The Priceline Group were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. First National Trust Co. increased its position in shares of The Priceline Group by 18.4% during the third quarter. First National Trust Co. now owns 668 shares of the business services provider’s stock worth $1,223,000 after acquiring an additional 104 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of The Priceline Group by 6,128.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,227 shares of the business services provider’s stock worth $77,310,000 after acquiring an additional 41,549 shares in the last quarter. Capital Analysts LLC grew its position in The Priceline Group by 16.5% in the third quarter. Capital Analysts LLC now owns 317 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 45 shares in the last quarter. Toronto Dominion Bank grew its position in The Priceline Group by 11.7% in the third quarter. Toronto Dominion Bank now owns 18,828 shares of the business services provider’s stock valued at $34,467,000 after purchasing an additional 1,966 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in The Priceline Group by 0.9% in the third quarter. New York State Common Retirement Fund now owns 139,476 shares of the business services provider’s stock valued at $255,355,000 after purchasing an additional 1,242 shares in the last quarter. 95.10% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the stock. Guggenheim downgraded shares of The Priceline Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada raised their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and issued a $2,050.00 target price on shares of The Priceline Group in a research report on Tuesday, November 7th. UBS AG reaffirmed a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The Priceline Group currently has a consensus rating of “Buy” and a consensus target price of $2,020.52.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the sale, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 367 shares of company stock worth $693,175 over the last three months. Insiders own 0.24% of the company’s stock.
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Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up $24.90 during trading on Monday, hitting $1,722.15. 423,438 shares of the company traded hands, compared to its average volume of 459,039. The company has a market cap of $83,270.00, a price-to-earnings ratio of 22.80, a PEG ratio of 1.34 and a beta of 1.43. 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 Priceline Group Inc. has a 12 month low of $1,459.49 and a 12 month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $29.69 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities research analysts predict that The Priceline Group Inc. will post 74.44 EPS for the current year.
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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