Condor Capital Management Sells 13 Shares of The Priceline Group Inc. (NASDAQ:PCLN)

Condor Capital Management lessened its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 944 shares of the business services provider’s stock after selling 13 shares during the quarter. Condor Capital Management’s holdings in The Priceline Group were worth $1,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCLN. Waldron LP boosted its stake in shares of The Priceline Group by 68.9% in the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock valued at $732,000 after buying an additional 168 shares during the period. First Manhattan Co. boosted its stake in shares of The Priceline Group by 5.3% in the first quarter. First Manhattan Co. now owns 100 shares of the business services provider’s stock valued at $147,000 after buying an additional 5 shares during the period. Arcadia Investment Management Corp MI boosted its stake in shares of The Priceline Group by 8.0% in the first quarter. Arcadia Investment Management Corp MI now owns 81 shares of the business services provider’s stock valued at $144,000 after buying an additional 6 shares during the period. Jennison Associates LLC boosted its stake in shares of The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock valued at $1,442,238,000 after buying an additional 23,694 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of The Priceline Group by 5.6% in the first quarter. Tocqueville Asset Management L.P. now owns 15,534 shares of the business services provider’s stock valued at $27,650,000 after buying an additional 830 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now directly owns 5,922 shares in the company, valued at approximately $11,544,761.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,745 shares of company stock valued at $5,158,872. Company insiders own 0.42% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Condor Capital Management Sells 13 Shares of The Priceline Group Inc. (NASDAQ:PCLN)” was originally posted by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/the-priceline-group-inc-pcln-shares-sold-by-condor-capital-management/1603609.html.

Shares of The Priceline Group Inc. (PCLN) traded down 0.06% on Friday, reaching $1844.12. 190,348 shares of the company’s stock traded hands. The stock has a market cap of $90.47 billion, a price-to-earnings ratio of 39.17 and a beta of 1.47. The firm’s 50-day moving average is $1,887.94 and its 200-day moving average is $1,846.41. The Priceline Group Inc. has a 52-week low of $1,416.01 and a 52-week high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the business earned $13.93 EPS. Analysts anticipate that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

PCLN has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Macquarie boosted their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Raymond James Financial, Inc. restated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, UBS AG restated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,924.32.

About The 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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.