Capital Investment Services of America Inc. purchased a new stake in The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,650 shares of the company’s stock, valued at approximately $6,842,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PCLN. Capital World Investors raised 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 raised its position 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 valued at $1,399,165,000 after buying an additional 329,121 shares during the period. Jennison Associates LLC raised its position in The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock valued at $1,071,342,000 after buying an additional 150,154 shares during the period. BlackRock Investment Management LLC raised its position 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 valued at $270,397,000 after buying an additional 91,819 shares during the period. Finally, Bloom Tree Partners LLC bought a new position in The Priceline Group during the second quarter valued at approximately $72,630,000. Institutional investors and hedge funds own 94.10% of the company’s stock.

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

The Priceline Group Inc. (NASDAQ:PCLN) traded up 1.12% during trading on Monday, reaching $1524.18. 296,359 shares of the company’s stock traded hands. 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 $1,482.69 and a 200-day moving average price of $1,386.86. The firm has a market cap of $75.21 billion, a PE ratio of 38.91 and a beta of 1.69.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping analysts’ consensus estimates of $29.88 by $1.30. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $25.35 earnings per share. On average, analysts forecast that The Priceline Group Inc. will post $64.44 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered The Priceline Group from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,560.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Morgan Stanley reaffirmed a “buy” rating and set a $1,600.00 target price on shares of The Priceline Group in a report on Friday, August 5th. Benchmark Co. reaffirmed a “buy” rating and set a $1,800.00 target price (up from $1,600.00) on shares of The Priceline Group in a report on Tuesday, November 8th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $1,625.00 target price on shares of The Priceline Group in a report on Tuesday, November 8th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and a consensus target price of $1,622.45.

In related news, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total value of $1,434,750.00. Following the sale, the insider now directly owns 25,131 shares of the company’s stock, valued at approximately $36,056,702.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffery H. Boyd sold 3,000 shares of the business’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. Insiders own 0.42% of the company’s stock.

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.

5 Day Chart for NASDAQ:PCLN

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