Hollencrest Capital Management Sells 80 Shares of Priceline Group Inc (PCLN)

Hollencrest Capital Management reduced its holdings in shares of Priceline Group Inc (NASDAQ:PCLN) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201 shares of the business services provider’s stock after selling 80 shares during the period. Hollencrest Capital Management’s holdings in Priceline Group were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harding Loevner LP increased its stake in Priceline Group by 2,593.1% during the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after buying an additional 5,058,945 shares during the period. Capital World Investors increased its stake in Priceline Group by 2.1% during the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after buying an additional 34,959 shares during the period. Capital Research Global Investors increased its stake in 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 buying an additional 108,187 shares during the period. Janus Henderson Group PLC increased its stake in Priceline Group by 654.1% during the 2nd quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after buying an additional 557,358 shares during the period. Finally, Edgewood Management LLC increased its stake in Priceline Group by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 625,197 shares of the business services provider’s stock worth $1,144,623,000 after buying an additional 5,833 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’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 completion of the sale, the director now owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,567 shares of company stock valued at $2,780,310. 0.24% of the stock is owned by company insiders.

PCLN has been the topic of a number of recent analyst reports. Barclays reissued a “buy” rating and issued a $2,150.00 price objective on shares of Priceline Group in a research report on Wednesday, October 11th. Bank of America reissued a “buy” rating and issued a $2,150.00 price objective on shares of Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $2,200.00 price objective on shares of Priceline Group in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank reissued a “hold” rating and issued a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Priceline Group has a consensus rating of “Buy” and a consensus price target of $2,019.79.

Shares of Priceline Group Inc (PCLN) opened at $1,910.21 on Friday. The firm has a market cap of $93,964.76, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. Priceline Group Inc has a 52 week low of $1,528.01 and a 52 week high of $2,067.99.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. Priceline Group’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $29.69 EPS. analysts forecast that Priceline Group Inc will post 74.42 earnings per share for the current 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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Institutional Ownership by Quarter for Priceline Group (NASDAQ:PCLN)

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