Schroder Investment Management Group decreased its holdings in Priceline Group Inc (NASDAQ:PCLN) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 104,530 shares of the business services provider’s stock after selling 21,323 shares during the period. Schroder Investment Management Group owned approximately 0.21% of Priceline Group worth $181,647,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Horan Capital Advisors LLC. bought a new stake in Priceline Group during the 3rd quarter worth $103,000. SeaCrest Wealth Management LLC bought a new stake in Priceline Group during the 4th quarter worth $123,000. Fieldpoint Private Securities LLC grew its position in Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after acquiring an additional 94 shares during the last quarter. Adviser Investments LLC bought a new stake in Priceline Group during the 3rd quarter worth $201,000. Finally, Brighton Jones LLC bought a new stake in Priceline Group during the 3rd quarter worth $207,000. Institutional investors own 93.87% of the company’s stock.
In other news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the transaction, the chief executive officer now directly owns 5,310 shares in the company, valued at $9,414,311.40. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock worth $2,796,925 over the last three months. 0.24% of the stock is owned by company insiders.
Priceline Group Inc (NASDAQ PCLN) opened at $1,885.00 on Friday. The stock has a market capitalization of $91,211.23, a PE ratio of 25.12, a PEG ratio of 1.39 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group Inc has a 52 week low of $1,612.41 and a 52 week high of $2,067.99.
PCLN has been the topic of a number of research reports. Oppenheimer restated a “buy” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. Stifel Nicolaus cut their target price on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $2,000.00 target price (down from $2,200.00) on shares of Priceline Group in a report on Tuesday, November 7th. Finally, BidaskClub downgraded Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Priceline Group currently has a consensus rating of “Buy” and an average target price of $2,025.31.
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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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