Atria Investments LLC Raises Position in Priceline Group Inc (PCLN)
Atria Investments LLC boosted its holdings in Priceline Group Inc (NASDAQ:PCLN) by 33.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,581 shares of the business services provider’s stock after acquiring an additional 397 shares during the period. Atria Investments LLC’s holdings in Priceline Group were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of PCLN. Harding Loevner LP grew its stake in Priceline Group by 2,593.1% in the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after acquiring an additional 5,058,945 shares during the last quarter. Janus Henderson Group PLC grew its stake in 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 valued at $1,201,971,000 after acquiring an additional 557,358 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Priceline Group by 7.1% during 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 purchasing an additional 108,187 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Priceline Group during the 3rd quarter worth about $174,056,000. Finally, Flossbach Von Storch AG boosted its stake in shares of Priceline Group by 30,890.9% during the 3rd quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock worth $156,032,000 after purchasing an additional 84,950 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. SunTrust Banks raised their price target on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research cut shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Oppenheimer raised their price target on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Vetr cut shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a research note on Monday, January 8th. Finally, BidaskClub raised shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,010.80.
Priceline Group Inc (NASDAQ:PCLN) opened at $1,949.90 on Thursday. Priceline Group Inc has a 1-year low of $1,528.01 and a 1-year high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The company has a market cap of $95,660.00, a P/E ratio of 27.32, a P/E/G ratio of 1.43 and a beta of 1.39.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. Priceline Group’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $29.69 earnings per share. equities analysts expect that Priceline Group Inc will post 74.42 EPS for the current fiscal year.
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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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