The Priceline Group Inc. (PCLN) Shares Sold by Valiant Capital Management L.P.
Valiant Capital Management L.P. lowered its position in The Priceline Group Inc. (NASDAQ:PCLN) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,972 shares of the business services provider’s stock after selling 1,970 shares during the period. The Priceline Group makes up about 4.5% of Valiant Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest position. Valiant Capital Management L.P. owned approximately 0.07% of The Priceline Group worth $58,535,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of PCLN. HighTower Advisors LLC lifted its stake in The Priceline Group by 15.3% in the 1st quarter. HighTower Advisors LLC now owns 5,816 shares of the business services provider’s stock valued at $10,399,000 after buying an additional 771 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of The Priceline Group during the 1st quarter worth $828,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of The Priceline Group by 10.6% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 553 shares of the business services provider’s stock worth $984,000 after purchasing an additional 53 shares during the period. Covington Capital Management lifted its stake in shares of The Priceline Group by 17.9% during the 1st quarter. Covington Capital Management now owns 848 shares of the business services provider’s stock worth $1,509,000 after purchasing an additional 129 shares during the period. Finally, Archford Capital Strategies LLC lifted its stake in shares of The Priceline Group by 110.8% during the 1st quarter. Archford Capital Strategies LLC now owns 137 shares of the business services provider’s stock worth $244,000 after purchasing an additional 72 shares during the period. 95.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up $5.16 during midday trading on Wednesday, reaching $1,771.83. 167,108 shares of the company’s stock were exchanged, compared to its average volume of 460,926. 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 1 year low of $1,459.49 and a 1 year high of $2,067.99. The company has a market capitalization of $85,542.75, a PE ratio of 23.56, a P/E/G ratio of 1.39 and a beta of 1.43.
The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The Priceline Group’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $29.69 earnings per share. research analysts anticipate that The Priceline Group Inc. will post 74.42 earnings per share for the current year.
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In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Monday, October 16th. The stock was 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 owns 5,555 shares of the company’s stock, valued at $10,776,700. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 367 shares of company stock worth $672,929. Corporate insiders own 0.24% of the company’s stock.
A number of research analysts have weighed in on PCLN shares. Barclays PLC reissued a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America Corporation reissued a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $2,020.52.
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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