Todays Report: Today, Homrich & Berg Invests $333,000 in The Priceline Group Inc. (PCLN)

Today, Homrich & Berg Invests $333,000 in The Priceline Group Inc. (PCLN)

Homrich & Berg acquired a new position in The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to its most recent filing with the SEC. The fund acquired 226 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds also recently added to or reduced their stakes in PCLN. BlueMountain Capital Management LLC increased its stake in The Priceline Group by 65.3% in the first quarter. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock worth $104,000 after buying an additional 32 shares in the last quarter. Global X Management Co. LLC increased its stake in The Priceline Group by 416.7% in the second quarter. Global X Management Co. LLC now owns 93 shares of the company’s stock worth $116,000 after buying an additional 75 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in The Priceline Group by 18.1% in the second quarter. Integrated Investment Consultants LLC now owns 98 shares of the company’s stock worth $122,000 after buying an additional 15 shares in the last quarter. First Manhattan Co. increased its stake in The Priceline Group by 233.3% in the third quarter. First Manhattan Co. now owns 100 shares of the company’s stock worth $147,000 after buying an additional 70 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in The Priceline Group by 24.3% in the second quarter. Quadrant Capital Group LLC now owns 128 shares of the company’s stock worth $151,000 after buying an additional 25 shares in the last quarter. 94.10% of the stock is currently owned by hedge funds and other institutional investors.

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.07% on Friday, hitting $1520.00. 108,378 shares of the stock were exchanged. The stock has a market cap of $75.00 billion, a PE ratio of 38.80 and a beta of 1.69. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93. The company’s 50 day moving average is $1,484.93 and its 200 day moving average is $1,389.86.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The firm earned $3.69 billion during the quarter, compared to analysts’ expectations of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $25.35 earnings per share. On average, equities research 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 research reports. Jefferies Group reaffirmed a “buy” rating and issued a $1,700.00 price target on shares of The Priceline Group in a report on Tuesday, August 23rd. Deutsche Bank AG upped their price target on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, August 5th. Vetr raised shares of The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 price target on the stock in a report on Thursday, November 10th. Zacks Investment Research downgraded shares of The Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $1,625.00 price target on shares of The Priceline Group in a report on Tuesday, November 8th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,622.45.

In other news, CEO Gillian Tans sold 131 shares of The Priceline Group 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 $8,288,834.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of The Priceline Group stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $1,453.23, for a total transaction of $1,453,230.00. Following the completion of the transaction, the insider now directly owns 23,918 shares in the company, valued at approximately $34,758,355.14. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

About The 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.

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