Numeric Investors LLC Decreases Position in Priceline Group Inc (PCLN)

Numeric Investors LLC Decreases Position in Priceline Group Inc (PCLN)

Numeric Investors LLC decreased its position in Priceline Group Inc (NASDAQ:PCLN) by 91.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,039 shares of the company’s stock after selling 10,461 shares during the period. Numeric Investors LLC’s holdings in Priceline Group were worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Priceline Group by 3.9% in the fourth quarter. State Street Corp now owns 1,994,529 shares of the company’s stock worth $2,924,101,000 after buying an additional 74,884 shares during the period. Capital World Investors raised its stake in Priceline Group by 27.7% in the third quarter. Capital World Investors now owns 1,578,582 shares of the company’s stock worth $2,322,868,000 after buying an additional 342,746 shares during the period. Capital Research Global Investors raised its stake in Priceline Group by 1.8% in the third quarter. Capital Research Global Investors now owns 1,384,305 shares of the company’s stock worth $2,036,991,000 after buying an additional 24,569 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in 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 worth $1,912,859,000 after buying an additional 13,257 shares during the period. Finally, Capital International Investors raised its stake in Priceline Group by 0.3% in the third quarter. Capital International Investors now owns 508,247 shares of the company’s stock worth $747,880,000 after buying an additional 1,709 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Priceline Group Inc (NASDAQ:PCLN) traded down 0.48% during midday trading on Wednesday, reaching $1760.50. 54,697 shares of the company’s stock traded hands. The company has a 50-day moving average of $1,653.63 and a 200-day moving average of $1,529.19. The company has a market capitalization of $86.56 billion, a price-to-earnings ratio of 41.28 and a beta of 1.62. Priceline Group Inc has a one year low of $1,148.06 and a one year high of $1,772.78.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, February 27th. The company reported $14.21 earnings per share for the quarter, beating the consensus estimate of $13.09 by $1.12. Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $10.73 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts anticipate that Priceline Group Inc will post $74.34 EPS for the current year.

PCLN has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,100.00 target price (up previously from $1,900.00) on shares of Priceline Group in a report on Tuesday, February 28th. Zacks Investment Research lowered shares of Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Vetr lowered shares of Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,792.67 target price on the stock. in a report on Monday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $1,850.00 target price on shares of Priceline Group in a report on Tuesday, December 20th. Finally, CLSA initiated coverage on shares of Priceline Group in a report on Wednesday, December 7th. They set a “buy” rating and a $1,900.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,791.25.

In other news, CFO Daniel J. Finnegan sold 3,052 shares of Priceline Group stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $1,730.38, for a total transaction of $5,281,119.76. Following the sale, the chief financial officer now owns 20,779 shares in the company, valued at $35,955,566.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 130 shares of Priceline Group stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $1,520.00, for a total transaction of $197,600.00. Following the sale, the chief executive officer now owns 5,396 shares in the company, valued at approximately $8,201,920. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,313 shares of company stock worth $11,601,254. Company insiders own 0.42% of the company’s stock.

About 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.

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