Bank of Ozarks Acquires 12 Shares of Priceline Group Inc. (PCLN)

Bank of Ozarks Acquires 12 Shares of Priceline Group Inc. (PCLN)

Bank of The Ozarks raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 260 shares of the company’s stock after buying an additional 12 shares during the period. Bank of The Ozarks’ holdings in The Priceline Group were worth $383,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital World Investors boosted its stake in The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock worth $1,542,830,000 after buying an additional 340,386 shares during the period. Lone Pine Capital LLC raised its position in shares of 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 in the last quarter. BlackRock Investment Management LLC raised its position in shares of 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 in the last quarter. Winslow Capital Management LLC raised its position in shares of The Priceline Group by 38.8% in the third quarter. Winslow Capital Management LLC now owns 291,247 shares of the company’s stock worth $428,566,000 after buying an additional 81,396 shares in the last quarter. Finally, Bloom Tree Partners LLC bought a new position in shares of The Priceline Group during the second quarter worth approximately $72,630,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1602.92 on Friday. The firm has a market capitalization of $79.10 billion, a price-to-earnings ratio of 40.92 and a beta of 1.65. The company’s 50 day moving average is $1,522.89 and its 200-day moving average is $1,461.80. The Priceline Group Inc. has a one year low of $954.02 and a one year high of $1,605.47.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the firm posted $25.35 EPS. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts expect that The Priceline Group Inc. will post $64.68 EPS for the current year.

A number of research analysts have recently commented on the stock. CLSA reaffirmed a “buy” rating on shares of The Priceline Group in a research report on Wednesday, December 7th. RBC Capital Markets reaffirmed a “buy” rating and set a $1,750.00 price objective on shares of The Priceline Group in a research report on Friday, November 4th. Citigroup Inc. assumed coverage on shares of The Priceline Group in a research report on Tuesday, January 10th. They set a “buy” rating for the company. Benchmark Co. reaffirmed a “buy” rating and set a $1,800.00 price objective (up previously from $1,600.00) on shares of The Priceline Group in a research report on Tuesday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,560.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The Priceline Group presently has an average rating of “Buy” and an average price target of $1,664.12.

In other news, CEO Gillian Tans sold 131 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $1,544.00, for a total value of $202,264.00. Following the sale, the chief executive officer now directly owns 5,265 shares of the company’s stock, valued at approximately $8,129,160. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffery H. Boyd sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $1,472.08, for a total transaction of $4,416,240.00. Following the completion of the sale, the chief executive officer now directly owns 85,537 shares in the company, valued at $125,917,306.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,392 shares of company stock worth $16,844,460. Insiders own 0.42% of the company’s stock.

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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