Vident Investment Advisory LLC Invests $946,000 in The Priceline Group Inc. (PCLN) Stock
Vident Investment Advisory LLC bought a new stake in The Priceline Group Inc. (NASDAQ:PCLN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 405 shares of the business services provider’s stock, valued at approximately $946,000.
Other large investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in The Priceline Group in the second quarter valued at about $101,000. Horan Capital Advisors LLC. acquired a new stake in shares of The Priceline Group during the third quarter worth about $103,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Priceline Group during the second quarter worth about $105,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of The Priceline Group during the second quarter worth about $133,000. Finally, TCI Wealth Advisors Inc. raised its position in shares of The Priceline Group by 8.7% during the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6 shares during the period. 94.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at $1,760.92 on Friday. The Priceline Group Inc. has a 1 year low of $1,459.49 and a 1 year high of $2,067.99. The stock has a market capitalization of $85,490.00, a P/E ratio of 23.15, a P/E/G ratio of 1.37 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.
A number of research firms have recently commented on PCLN. Deutsche Bank reaffirmed a “hold” rating and set a $2,050.00 price target on shares of The Priceline Group in a research report on Tuesday, October 24th. Barclays reaffirmed a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research report on Wednesday, October 11th. Stifel Nicolaus dropped their price target on The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Royal Bank of Canada raised their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $2,000.00 price target (down previously from $2,200.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the company. The Priceline Group presently has an average rating of “Buy” and a consensus price target of $2,002.06.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the firm’s 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 value of $236,680.00. Following the completion of the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. In the last three months, insiders sold 1,445 shares of company stock worth $2,565,145. 0.24% of the stock is owned by insiders.
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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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