Today: The Priceline Group Inc. (PCLN) Stake Increased by Bbva Compass Bancshares Inc.

The Priceline Group Inc. (PCLN) Stake Increased by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. raised its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 2,196 shares of the company’s stock after buying an additional 44 shares during the period. Bbva Compass Bancshares Inc.’s holdings in The Priceline Group were worth $2,742,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS increased its stake in shares of The Priceline Group by 2.4% in the second quarter. Kornitzer Capital Management Inc. KS now owns 9,966 shares of the company’s stock worth $12,442,000 after buying an additional 235 shares during the period. Nordea Investment Management AB increased its stake in shares of The Priceline Group by 18.4% in the second quarter. Nordea Investment Management AB now owns 13,945 shares of the company’s stock worth $17,409,000 after buying an additional 2,169 shares during the period. Henderson Group PLC increased its stake in shares of The Priceline Group by 19.9% in the second quarter. Henderson Group PLC now owns 79,996 shares of the company’s stock worth $99,914,000 after buying an additional 13,258 shares during the period. Hedeker Wealth LLC increased its stake in shares of The Priceline Group by 85.4% in the second quarter. Hedeker Wealth LLC now owns 927 shares of the company’s stock worth $1,157,000 after buying an additional 427 shares during the period. Finally, Concert Wealth Management Inc. increased its stake in shares of The Priceline Group by 9.1% in the second quarter. Concert Wealth Management Inc. now owns 1,493 shares of the company’s stock worth $1,837,000 after buying an additional 124 shares during the period. 94.01% of the stock is currently owned by institutional investors and hedge funds.

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.10% on Monday, hitting $1441.00. 171,387 shares of the stock traded hands. The stock has a market cap of $71.22 billion, a price-to-earnings ratio of 27.41 and a beta of 1.62. The firm’s 50-day moving average price is $1,450.31 and its 200-day moving average price is $1,353.88. The Priceline Group Inc. has a 12-month low of $954.02 and a 12-month high of $1,501.79.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, beating the consensus estimate of $12.69 by $1.24. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The firm earned $2.55 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted $12.45 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that The Priceline Group Inc. will post $68.57 EPS for the current fiscal year.

A number of brokerages recently issued reports on PCLN. Royal Bank Of Canada increased their price target on shares of The Priceline Group from $1,600.00 to $1,750.00 and gave the stock an “outperform” rating in a report on Friday, October 7th. RBC Capital Markets reissued a “buy” rating and set a $1,750.00 price target (up from $1,600.00) on shares of The Priceline Group in a report on Friday, October 7th. Zacks Investment Research downgraded shares of The Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Vetr downgraded shares of The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,598.32 price target on the stock. in a report on Thursday, September 29th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $1,560.00 price target (up from $1,453.49) on shares of The Priceline Group in a report on Thursday, September 29th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,538.19.

In other news, CEO Gillian Tans sold 130 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the completion of the transaction, the chief executive officer now owns 5,788 shares of the company’s stock, valued at approximately $8,288,300.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffery H. Boyd sold 3,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $1,353.90, for a total transaction of $4,061,700.00. Following the transaction, the chief executive officer now directly owns 94,488 shares of the company’s stock, valued at approximately $127,927,303.20. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.

Related posts

Leave a Comment