Gamble Jones Investment Counsel Has $584,000 Position in Priceline Group Inc (PCLN)
Gamble Jones Investment Counsel boosted its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336 shares of the business services provider’s stock after purchasing an additional 55 shares during the period. Gamble Jones Investment Counsel’s holdings in Priceline Group were worth $584,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. 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 worth $347,846,000 after acquiring an additional 5,058,945 shares in the last quarter. Boston Partners grew its stake in Priceline Group by 2,233.7% in the 4th quarter. Boston Partners now owns 191,083 shares of the business services provider’s stock worth $332,053,000 after acquiring an additional 182,895 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Priceline Group in the 3rd quarter worth about $174,056,000. Flossbach Von Storch AG grew its stake in Priceline Group by 30,890.9% in the 3rd quarter. Flossbach Von Storch AG now owns 85,225 shares of the business services provider’s stock worth $156,032,000 after acquiring an additional 84,950 shares in the last quarter. Finally, Vontobel Asset Management Inc. grew its stake in Priceline Group by 28.1% in the 4th quarter. Vontobel Asset Management Inc. now owns 252,351 shares of the business services provider’s stock worth $439,060,000 after acquiring an additional 55,395 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.
Priceline Group Inc (NASDAQ PCLN) opened at $1,882.68 on Thursday. The stock has a market cap of $90,645.99, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.38. Priceline Group Inc has a fifty-two week low of $1,589.00 and a fifty-two week high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.
In related news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,567 shares of company stock valued at $2,780,310. 0.24% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on PCLN shares. JMP Securities increased their price objective on shares of Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 price objective on shares of Priceline Group in a research note on Tuesday, October 24th. Vetr upgraded shares of Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 price objective on the stock in a research note on Tuesday, January 30th. Barclays reiterated a “buy” rating and set a $2,150.00 price objective on shares of Priceline Group in a research note on Wednesday, October 11th. Finally, Wells Fargo & Co increased their price objective on shares of Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Priceline Group has a consensus rating of “Buy” and a consensus target price of $2,025.31.
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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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