Affinity Wealth Management held its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481 shares of the company’s stock at the end of the third quarter. The Priceline Group accounts for 0.5% of Affinity Wealth Management’s holdings, making the stock its 17th largest position. Affinity Wealth Management’s holdings in The Priceline Group were worth $708,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of PCLN. Capital World Investors increased its stake in shares of The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock valued at $1,542,830,000 after buying an additional 340,386 shares in the last quarter. Lone Pine Capital LLC increased its stake in The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock worth $1,399,165,000 after buying an additional 329,121 shares during the period. Soroban Capital Partners LP purchased a new stake in The Priceline Group during the third quarter worth approximately $223,078,000. Jana Partners LLC purchased a new stake in The Priceline Group during the third quarter worth approximately $155,108,000. Finally, BlackRock Investment Management LLC increased its stake in The Priceline Group by 73.6% in the second quarter. BlackRock Investment Management LLC now owns 216,593 shares of the company’s stock worth $270,397,000 after buying an additional 91,819 shares during the period. 94.16% of the stock is owned by institutional investors and hedge funds.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.11% during mid-day trading on Wednesday, hitting $1541.86. The company had a trading volume of 246,014 shares. The firm has a market capitalization of $76.08 billion, a P/E ratio of 39.36 and a beta of 1.65. The Priceline Group Inc. has a 12 month low of $954.02 and a 12 month high of $1,600.93. The firm 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 earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 34.70% and a net margin of 18.91%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $25.35 EPS. On average, equities research analysts forecast that The Priceline Group Inc. will post $64.61 earnings per share for the current fiscal year.
A number of research firms recently commented on PCLN. Raymond James Financial, Inc. set a $1,700.00 target price on The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, November 8th. Stifel Nicolaus raised The Priceline Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,650.00 to $1,900.00 in a report on Thursday, November 10th. CLSA reaffirmed a “buy” rating on shares of The Priceline Group in a report on Wednesday, December 7th. Vetr raised The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 target price for the company in a report on Thursday, November 10th. Finally, Miller Tabak began coverage on The Priceline Group in a report on Wednesday. They set a “buy” rating and a $1,750.00 target price for the company. Six investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,654.27.
In other The Priceline Group news, insider Glenn D. Fogel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $1,453.23, for a total transaction of $1,453,230.00. Following the completion of the sale, the insider now directly owns 23,918 shares of the company’s stock, valued at approximately $34,758,355.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffery H. Boyd sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 85,537 shares of the company’s stock, valued at $125,917,306.96. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).