Today, 3,671 Shares of The Priceline Group Inc. (PCLN) are sold by US Bancorp DE

Today, 3,671 Shares of The Priceline Group Inc. (PCLN) are sold by US Bancorp DE
US Bancorp DE reduced its position in The Priceline Group Inc. (NASDAQ:PCLN) by 5.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,419 shares of the company’s stock after selling 3,671 shares during the period. US Bancorp DE owned 0.13% of The Priceline Group worth $96,263,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of PCLN. Homrich & Berg bought a new position in shares of The Priceline Group during the third quarter valued at $333,000. Girard Partners LTD. boosted its position in shares of The Priceline Group by 5.0% in the third quarter. Girard Partners LTD. now owns 630 shares of the company’s stock valued at $927,000 after buying an additional 30 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of The Priceline Group by 4.9% in the third quarter. Daiwa Securities Group Inc. now owns 11,710 shares of the company’s stock valued at $17,231,000 after buying an additional 548 shares during the period. Delta Lloyd NV boosted its position in shares of The Priceline Group by 2.5% in the third quarter. Delta Lloyd NV now owns 36,259 shares of the company’s stock valued at $53,355,000 after buying an additional 881 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of The Priceline Group by 2.4% in the third quarter. PNC Financial Services Group Inc. now owns 19,078 shares of the company’s stock valued at $28,073,000 after buying an additional 453 shares during the period. Institutional investors own 94.10% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.35% during mid-day trading on Friday, reaching $1515.65. The company’s stock had a trading volume of 83,758 shares. The company has a 50-day moving average price of $1,484.93 and a 200 day moving average price of $1,389.86. The company has a market cap of $74.79 billion, a PE ratio of 38.69 and a beta of 1.69. The Priceline Group Inc. has a 52-week low of $954.02 and a 52-week high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $29.88 by $1.30. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The firm earned $3.69 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business posted $25.35 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. Equities analysts expect that The Priceline Group Inc. will post $64.44 earnings per share for the current year.

PCLN has been the topic of several recent analyst reports. Credit Suisse Group AG restated a “buy” rating and set a $1,660.00 price objective (down from $1,750.00) on shares of The Priceline Group in a research note on Tuesday, November 8th. Zacks Investment Research upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 price objective on the stock in a research note on Thursday, August 11th. Royal Bank Of Canada raised their price objective on The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a research note on Friday, October 7th. Susquehanna reiterated a “buy” rating and set a $1,700.00 target price on shares of The Priceline Group in a research note on Tuesday, November 8th. Finally, Pacific Crest reiterated a “hold” rating on shares of The Priceline Group in a research note on Tuesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,622.45.

In other The Priceline Group news, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of the transaction, the insider now owns 25,131 shares in the company, valued at approximately $36,056,702.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total value of $196,496.07. Following the transaction, the chief executive officer now owns 5,526 shares of the company’s stock, valued at approximately $8,288,834.22. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

The Priceline Group Company Profile

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.

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