Exxonmobil Investment Management Inc. TX decreased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,675 shares of the company’s stock after selling 174 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in The Priceline Group were worth $18,651,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bremer Trust National Association raised its stake in shares of The Priceline Group by 15.4% in the third quarter. Bremer Trust National Association now owns 2,526 shares of the company’s stock worth $3,717,000 after buying an additional 338 shares during the last quarter. Deane Retirement Strategies Inc. bought a new stake in shares of The Priceline Group during the third quarter worth $1,682,000. BNP Paribas Arbitrage SA raised its stake in shares of The Priceline Group by 112.1% in the third quarter. BNP Paribas Arbitrage SA now owns 27,213 shares of the company’s stock worth $40,044,000 after buying an additional 14,382 shares during the last quarter. Washington Trust Bank raised its stake in shares of The Priceline Group by 2.1% in the third quarter. Washington Trust Bank now owns 1,829 shares of the company’s stock worth $2,691,000 after buying an additional 37 shares during the last quarter. Finally, Bath Savings Trust Co raised its stake in shares of The Priceline Group by 3.0% in the third quarter. Bath Savings Trust Co now owns 173 shares of the company’s stock worth $255,000 after buying an additional 5 shares during the last quarter. 94.10% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 1.12% during midday trading on Monday, hitting $1524.18. 296,359 shares of the stock traded hands. The stock has a market cap of $75.21 billion, a price-to-earnings ratio of 38.91 and a beta of 1.69. The company’s 50 day moving average price is $1,482.69 and its 200-day moving average price is $1,386.86. The Priceline Group Inc. has a 12-month low of $954.02 and a 12-month high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.61 billion. During the same quarter last year, the company earned $25.35 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts expect that The Priceline Group Inc. will post $64.44 EPS for the current year.

Several research firms recently commented on PCLN. Vetr raised shares of The Priceline Group from a “sell” rating to a “strong-buy” rating and set a $1,744.70 price objective on the stock in a research note on Thursday, November 10th. Stifel Nicolaus raised shares of The Priceline Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $1,650.00 to $1,900.00 in a research note on Thursday, November 10th. Raymond James Financial Inc. set a $1,700.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $1,640.00 price objective on shares of The Priceline Group in a research note on Tuesday, November 8th. Finally, Wells Fargo & Co. reissued a “market perform” rating on shares of The Priceline Group in a research note on Tuesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,622.45.

In related news, CEO Gillian Tans sold 131 shares of The Priceline Group stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total value of $196,496.07. Following the sale, the chief executive officer now owns 5,526 shares of the company’s stock, valued at approximately $8,288,834.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffery H. Boyd sold 2,814 shares of The Priceline Group stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $1,467.98, for a total transaction of $4,130,895.72. Following the completion of the sale, the chief executive officer now directly owns 88,939 shares in the company, valued at approximately $130,560,673.22. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:PCLN

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