Boothbay Fund Management LLC acquired a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 159 shares of the business services provider’s stock, valued at approximately $291,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in The Priceline Group during the second quarter worth about $101,000. Horan Capital Advisors LLC. purchased a new position in The Priceline Group during the third quarter worth about $103,000. Shine Investment Advisory Services Inc. purchased a new position in The Priceline Group during the second quarter worth about $105,000. Mountain Capital Investment Advisors Inc purchased a new position in The Priceline Group during the second quarter worth about $133,000. Finally, TCI Wealth Advisors Inc. lifted its position in 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 buying an additional 6 shares during the period. 94.68% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on PCLN shares. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 target price on shares of The Priceline Group in a research report on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and set a $2,000.00 target price on shares of The Priceline Group in a research report on Tuesday, November 7th. Barclays reiterated a “buy” rating and set a $2,150.00 target price on shares of The Priceline Group in a research report on Wednesday, October 11th. Stifel Nicolaus reduced their target price 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. Finally, Royal Bank of Canada increased their target price 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The Priceline Group has a consensus rating of “Buy” and a consensus price target of $2,002.06.
The Priceline Group Inc. (PCLN) opened at $1,715.52 on Tuesday. The company has a market capitalization of $84,370.00, a PE ratio of 23.10, a PEG ratio of 1.36 and a beta of 1.40. 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 twelve month low of $1,459.49 and a twelve month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the consensus estimate of $34.31 by $0.91. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $29.69 EPS. equities research analysts anticipate that The Priceline Group Inc. will post 74.42 earnings per share for the current year.
In related news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the sale, the chief executive officer now owns 5,677 shares in the company, valued at $10,479,571.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,567 shares of company stock worth $2,790,353. Company insiders own 0.24% of the company’s stock.
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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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