Norinchukin Bank The grew its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,373 shares of the business services provider’s stock after buying an additional 231 shares during the period. Norinchukin Bank The’s holdings in Priceline Group were worth $11,075,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Horan Capital Advisors LLC. acquired a new position in shares of Priceline Group during the third quarter worth about $103,000. SeaCrest Wealth Management LLC acquired a new position in shares of Priceline Group in the fourth quarter worth about $123,000. Crewe Advisors LLC acquired a new position in shares of Priceline Group in the fourth quarter worth about $176,000. Fieldpoint Private Securities LLC lifted its stake in shares of Priceline Group by 626.7% in the third quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after acquiring an additional 94 shares in the last quarter. Finally, Adviser Investments LLC acquired a new position in shares of Priceline Group in the third quarter worth about $201,000. Institutional investors own 92.88% of the company’s stock.
PCLN has been the topic of several recent analyst reports. Deutsche Bank reiterated a “hold” rating and issued a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, October 24th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $2,000.00 price target on shares of Priceline Group in a research note on Tuesday, November 7th. Guggenheim cut Priceline Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $2,000.00 price target (down previously from $2,200.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada boosted their price target on Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Priceline Group presently has an average rating of “Buy” and an average price target of $2,025.31.
Shares of Priceline Group Inc (NASDAQ:PCLN) opened at $1,885.00 on Tuesday. The firm has a market capitalization of $91,930.58, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.40 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group Inc has a 52-week low of $1,612.41 and a 52-week high of $2,067.99.
In other Priceline Group news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total value of $227,655.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock valued at $2,796,925 over the last 90 days. 0.24% of the stock is currently owned by insiders.
About Priceline Group
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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