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Priceline Stock Stumbles Lower on Weak Q3 Guidance
10 August 2017, 02:43 | Kenneth Drake
Priceline Group (PCLN) Reaches $2045.66 52-Week High; Geode Capital Management Has Decreased By $650052
The firm owned 1,014 shares of the business services provider's stock after selling 619 shares during the period. Wrapmanager Inc. boosted its stake in The Priceline Group by 1.1% in the first quarter. It fall, as 69 investors sold PCLN shares while 331 reduced holdings. The New York-based Evercore Wealth Management Limited Liability Corporation has invested 0.03% in Priceline Group Inc (NASDAQ:PCLN). The stock of Rouse Properties Inc (NYSE:RSE) has "Buy" rating given on Tuesday, August 25 by Zacks. CAPROCK Group Inc. increased its position in shares of The Priceline Group by 2.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider's stock worth $112,000 after buying an additional 7 shares during the last quarter. State Of Tennessee Treasury Department has 0.28% invested in Priceline Group Inc (NASDAQ:PCLN). First Manhattan Co. now owns 100 shares of the business services provider's stock worth $147,000 after buying an additional 5 shares during the period.
Priceline investors reacted negatively to the news, and the stock dropped 6% in after-hours trading following the announcement. Finally, Proficio Capital Partners LLC raised its stake in shares of The Priceline Group by 29.6% in the first quarter. The Bloom Tree Partners Llc holds 49,598 shares with $72.71M value, down from 53,773 last quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider's stock worth $368,000 after buying an additional 5 shares during the period. The latest exchange of 0.8 Million shares is below its average trading activity of 469.13 Million shares.
Priceline.com has a 52 week low of $1,392.44 and a 52 week high of $2,067.99 with a P/E ratio of 46.26 The company's market cap is now $0.
It is now trading at $2 which is marginally higher than the 50 day moving average which is $1,937.58 and a bit higher than the 200 day moving average of $1,795.67.
The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,043.95. The Priceline Group also was the recipient of some unusual options trading activity on Tuesday. Moreover, Brown Capital Management Llc has 1.79% invested in the company for 5.74 million shares. Take a look at most well known 200-day moving average which averages prices over the past 200 days. In context of long-term intentions, PCLN next five year earnings per share (EPS) growth estimates standing at 17.58% however looking its past five year record, annual EPS growth rate was 15.60%. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The business had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.99 billion. Next quarter's EPS is estimated at $34.20 with next year's EPS projected to be $86.55. The business's revenue was up 18.3% on a year-over-year basis. $5.39M worth of Priceline Group Inc (NASDAQ:PCLN) was sold by MILLONES PETER J on Wednesday, March 15. Numis Securities upgraded the shares of WDGJF in report on Monday, August 24 to "Hold" rating. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright laws. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/09/the-priceline-group-inc-nasdaqpcln-is-professional-advisory-services-inc-s-3rd-largest-position.html.
Several analysts recently weighed in on PCLN shares. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, May 11. CLSA issued its first research report on the stock with an initial rating of "Buy". On November 10 the company was upgraded to "Buy" from "Hold" and a price target of $1.00 was set by Stifel Nicolaus.
Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. The stock of AstraZeneca plc (ADR) (NYSE:AZN) earned "Buy" rating by Cantor Fitzgerald on Friday, February 26. Cowen and Company reaffirmed an "outperform" rating and issued a $2,000.00 price objective on shares of The Priceline Group in a research note on Tuesday, May 23rd. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business's stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $1,857.67. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. Insiders sold 1,744 shares of company stock worth $3,245,648 in the last quarter.
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