PCLN Stock: Priceline Group Inc Shares Sold by Selkirk Management LLC

0
301

Selkirk Management LLC cut its position in Priceline Group Inc (NASDAQ:PCLN) by 23.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,300 shares of the company’s stock after selling 1,620 shares during the period. Priceline Group comprises approximately 4.9% of Selkirk Management LLC’s holdings, making the stock its 8th largest position. Selkirk Management LLC’s holdings in Priceline Group were worth $7,770,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in Priceline Group by 3.9% in the fourth quarter. State Street Corp now owns 1,994,529 shares of the company’s stock worth $2,924,101,000 after buying an additional 74,884 shares in the last quarter. Capital World Investors increased its position in Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the company’s stock worth $2,322,868,000 after buying an additional 342,746 shares in the last quarter. Capital Research Global Investors increased its position in Priceline Group by 1.8% in the third quarter. Capital Research Global Investors now owns 1,384,305 shares of the company’s stock worth $2,036,991,000 after buying an additional 24,569 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Priceline Group by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,299,947 shares of the company’s stock worth $1,912,859,000 after buying an additional 13,257 shares in the last quarter. Finally, Capital International Investors increased its position in Priceline Group by 0.3% in the third quarter. Capital International Investors now owns 508,247 shares of the company’s stock worth $747,880,000 after buying an additional 1,709 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

Priceline Group Inc (NASDAQ:PCLN) opened at 1731.305 on Monday. The company has a 50-day moving average price of $1,614.53 and a 200 day moving average price of $1,511.03. Priceline Group Inc has a 12 month low of $1,148.06 and a 12 month high of $1,748.39. The company has a market capitalization of $85.13 billion, a PE ratio of 40.593 and a beta of 1.62.

Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, February 27th. The company reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $13.09 by $1.12. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.73 EPS. On average, equities research analysts forecast that Priceline Group Inc will post $74.30 EPS for the current fiscal year.

PCLN has been the topic of a number of research reports. Credit Suisse Group AG restated a “buy” rating and issued a $1,660.00 price objective (down previously from $1,750.00) on shares of Priceline Group in a report on Tuesday, November 8th. Stifel Nicolaus restated a “buy” rating and issued a $2,100.00 price objective (up previously from $1,900.00) on shares of Priceline Group in a report on Tuesday, February 28th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $1,700.00 price objective on shares of Priceline Group in a report on Tuesday, November 8th. Zacks Investment Research downgraded Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Finally, Pacific Crest restated a “hold” rating on shares of Priceline Group in a report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,779.05.

In other Priceline Group news, CEO Gillian Tans sold 131 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $1,544.00, for a total value of $202,264.00. Following the sale, the chief executive officer now owns 5,265 shares in the company, valued at approximately $8,129,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jeffery H. Boyd sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $1,477.17, for a total value of $4,431,510.00. Following the completion of the sale, the chairman now owns 71,989 shares in the company, valued at approximately $106,339,991.13. The disclosure for this sale can be found here. Insiders sold a total of 4,261 shares of company stock worth $6,320,134 in the last 90 days. Company insiders own 0.42% of the company’s stock.

About Priceline Group

The Priceline Group Inc is a provider of travel and restaurant 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here