The Priceline Group Inc. (PCLN) Shares Sold by Teacher Retirement System of Texas
Teacher Retirement System of Texas lessened its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,219 shares of the business services provider’s stock after selling 2,827 shares during the quarter. Teacher Retirement System of Texas owned about 0.08% of The Priceline Group worth $71,803,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Harbour Capital Advisors LLC lifted its position in The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares during the last quarter. Janus Henderson Group PLC lifted its position in The Priceline Group by 654.1% in the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after buying an additional 557,358 shares during the last quarter. Renaissance Technologies LLC bought a new stake in The Priceline Group in the 1st quarter worth approximately $358,128,000. Capital Research Global Investors lifted its position in The Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in The Priceline Group in the 3rd quarter worth approximately $174,056,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.
A number of analysts recently weighed in on the company. Credit Suisse Group restated an “outperform” rating and issued a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Morgan Stanley restated an “overweight” rating and issued a $2,100.00 target price (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, October 2nd. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Royal Bank Of Canada boosted their price objective on The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. 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 issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,020.52.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up $0.81 during trading hours on Tuesday, hitting $1,722.96. The stock had a trading volume of 155,319 shares, compared to its average volume of 459,260. The company has a market capitalization of $84,490.00, a P/E ratio of 22.80, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The Priceline Group Inc. has a 1 year low of $1,459.49 and a 1 year high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $29.69 earnings per share. sell-side analysts expect that The Priceline Group Inc. will post 74.44 EPS for the current year.
In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now directly 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. Corporate insiders own 0.24% of the company’s stock.
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The Priceline Group 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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