Bronfman E.L. Rothschild L.P. Buys 132 Shares of Priceline Group Inc (PCLN)
Bronfman E.L. Rothschild L.P. raised its stake in Priceline Group Inc (NASDAQ:PCLN) by 65.7% in the 4th quarter, Holdings Channel reports. The firm owned 333 shares of the business services provider’s stock after acquiring an additional 132 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Priceline Group were worth $579,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PCLN. Horan Capital Advisors LLC. purchased a new position in shares of Priceline Group during the third quarter valued at approximately $103,000. SeaCrest Wealth Management LLC purchased a new position in shares of Priceline Group during the fourth quarter valued at approximately $123,000. Fieldpoint Private Securities LLC increased its stake in shares of Priceline Group by 626.7% during the third quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock valued at $200,000 after buying an additional 94 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Priceline Group during the fourth quarter valued at approximately $200,000. Finally, Adviser Investments LLC purchased a new position in shares of Priceline Group during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
Several equities analysts have recently issued reports on PCLN shares. Deutsche Bank reissued a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a research note on Tuesday, October 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $2,000.00 target price on shares of Priceline Group in a research note on Tuesday, November 7th. Zacks Investment Research cut Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reduced their target price on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Finally, Barclays reissued an “overweight” rating on shares of Priceline Group in a research note on Tuesday, November 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $2,025.31.
In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the transaction, the chief executive officer now directly owns 5,188 shares of the company’s stock, valued at $10,016,523.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,444 shares of company stock worth $2,569,269. Corporate insiders own 0.24% of the company’s stock.
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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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