The 14,500 Shares in The Priceline Group Inc. (PCLN) Acquired by Moore Capital Management LP

The 14,500 Shares in The Priceline Group Inc. (PCLN) Acquired by Moore Capital Management LP

Moore Capital Management LP acquired a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, Holdings Channel reports. The institutional investor acquired 14,500 shares of the company’s stock, valued at approximately $21,337,000. The Priceline Group makes up approximately 0.7% of Moore Capital Management LP’s portfolio, making the stock its 21st largest position.

Several other institutional investors also recently added to or reduced their stakes in PCLN. Mirae Asset Global Investments Co. Ltd. increased its position in The Priceline Group by 27.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,299 shares of the company’s stock valued at $51,942,000 after buying an additional 7,663 shares in the last quarter. Henderson Group PLC increased its position in The Priceline Group by 19.9% in the second quarter. Henderson Group PLC now owns 79,996 shares of the company’s stock valued at $99,914,000 after buying an additional 13,258 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in The 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 valued at $1,912,859,000 after buying an additional 13,257 shares in the last quarter. Artemis Investment Management LLP increased its position in The Priceline Group by 76.1% in the second quarter. Artemis Investment Management LLP now owns 14,116 shares of the company’s stock valued at $17,630,000 after buying an additional 6,100 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in The Priceline Group by 5.0% in the third quarter. Principal Financial Group Inc. now owns 73,493 shares of the company’s stock valued at $108,144,000 after buying an additional 3,479 shares in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1541.86 on Thursday. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93. The firm has a market cap of $76.08 billion, a P/E ratio of 39.36 and a beta of 1.65. The stock has a 50 day moving average price of $1,509.89 and a 200 day moving average price of $1,450.87.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Monday, November 7th. The company reported $31.18 earnings per share 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 company earned $3.69 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $25.35 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts anticipate that The Priceline Group Inc. will post $64.61 EPS for the current year.

Several equities analysts have commented on PCLN shares. Royal Bank Of Canada upped their price objective on shares of The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a report on Friday, October 7th. Needham & Company LLC started coverage on shares of The Priceline Group in a report on Wednesday, January 4th. They issued a “buy” rating and a $1,800.00 price objective on the stock. CLSA started coverage on shares of The Priceline Group in a report on Wednesday, December 7th. They issued a “buy” rating and a $1,900.00 price objective on the stock. Jefferies Group reiterated a “buy” rating and issued a $1,700.00 price objective on shares of The Priceline Group in a report on Tuesday, October 25th. Finally, Susquehanna started coverage on shares of The Priceline Group in a report on Wednesday, October 19th. They issued a “positive” rating and a $1,700.00 price objective on the stock. Six analysts have rated the stock with a hold rating, twenty-seven have assigned 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 a consensus price target of $1,654.27.

In related news, CEO Jeffery H. Boyd sold 3,000 shares of The Priceline Group stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $1,472.08, for a total value of $4,416,240.00. Following the completion of the sale, the chief executive officer now owns 85,537 shares of the company’s stock, valued at approximately $125,917,306.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 130 shares of The Priceline Group stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $1,520.00, for a total value of $197,600.00. Following the completion of the sale, the chief executive officer now directly owns 5,396 shares of the company’s stock, valued at approximately $8,201,920. The disclosure for this sale can be found here. 0.42% of the stock is 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.

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