Mawer Investment Management Ltd. grew its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,295 shares of the business services provider’s stock after buying an additional 560 shares during the quarter. Mawer Investment Management Ltd. owned 0.05% of The Priceline Group worth $46,311,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PCLN. Harvest Fund Management Co. Ltd purchased a new position in shares of The Priceline Group in the 2nd quarter valued at about $101,000. Shine Investment Advisory Services Inc. purchased a new stake in The Priceline Group during the 2nd quarter worth approximately $105,000. Capital Advisors Ltd. LLC purchased a new stake in The Priceline Group during the 2nd quarter worth approximately $112,000. Proficio Capital Partners LLC increased its stake in The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after buying an additional 16 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in The Priceline Group during the 2nd quarter worth approximately $133,000. 94.68% of the stock is owned by institutional investors and hedge funds.
In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of the company’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 in the company, valued at $250,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the sale, the chief executive officer now directly owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock worth $2,790,353 over the last 90 days. 0.24% of the stock is owned by insiders.
The Priceline Group Inc. (PCLN) traded up $0.58 on Thursday, reaching $1,719.62. The company had a trading volume of 504,233 shares, compared to its average volume of 458,589. 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 12-month low of $1,459.49 and a 12-month high of $2,067.99. The firm has a market capitalization of $84,121.60, a PE ratio of 23.17, a PEG ratio of 1.37 and a beta of 1.40.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the prior year, the firm earned $29.69 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. equities analysts predict that The Priceline Group Inc. will post 74.42 earnings per share for the current year.
PCLN has been the subject of several research reports. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 price objective on shares of The Priceline Group in a research note on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and set a $2,000.00 price objective on shares of The Priceline Group in a research note on Tuesday, November 7th. Barclays reiterated a “buy” rating and set a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. Stifel Nicolaus cut their price objective on The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Royal Bank Of Canada boosted their target price on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,998.66.
About The Priceline Group
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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