The Priceline Group Inc. (PCLN) Shares Bought by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC raised its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569 shares of the business services provider’s stock after buying an additional 46 shares during the quarter. Harbour Capital Advisors LLC’s holdings in The Priceline Group were worth $1,042,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in The Priceline Group during the 2nd quarter valued at approximately $101,000. Shine Investment Advisory Services Inc. purchased a new position in The Priceline Group during the 2nd quarter valued at approximately $105,000. Capital Advisors Ltd. LLC bought a new stake in shares of The Priceline Group in the 2nd quarter valued at approximately $112,000. Proficio Capital Partners LLC lifted its stake in shares of The Priceline Group by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 16 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of The Priceline Group in the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 95.22% of the company’s stock.
PCLN has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $2,300.00 price objective (up from $2,250.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $1,950.00 price objective (down from $2,100.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. UBS AG reaffirmed a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research note on Thursday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $2,225.00 price objective (up from $2,050.00) on shares of The Priceline Group in a research note on Monday, August 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,000.00 price objective (down from $2,070.00) on shares of The Priceline Group in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group has an average rating of “Buy” and a consensus target price of $2,020.52.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up $6.80 during trading hours on Tuesday, hitting $1,754.02. The stock had a trading volume of 513,200 shares, compared to its average volume of 460,573. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99. The stock has a market cap of $86,270.00, a P/E ratio of 23.47, a PEG ratio of 1.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52.
The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business posted $29.69 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. sell-side analysts forecast that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.
In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total value of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at approximately $10,479,571.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 367 shares of company stock worth $672,929 over the last quarter. 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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