Prudential Financial Inc. cut its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,525 shares of the company’s stock after selling 6,605 shares during the period. Prudential Financial Inc. owned about 0.14% of The Priceline Group worth $103,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlueMountain Capital Management LLC raised its position in The Priceline Group by 65.3% in the first quarter. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock worth $104,000 after buying an additional 32 shares in the last quarter. Global X Management Co. LLC raised its position in The Priceline Group by 416.7% in the second quarter. Global X Management Co. LLC now owns 93 shares of the company’s stock worth $116,000 after buying an additional 75 shares in the last quarter. Integrated Investment Consultants LLC raised its position in The Priceline Group by 18.1% in the second quarter. Integrated Investment Consultants LLC now owns 98 shares of the company’s stock worth $122,000 after buying an additional 15 shares in the last quarter. First Manhattan Co. raised its position in The Priceline Group by 233.3% in the third quarter. First Manhattan Co. now owns 100 shares of the company’s stock worth $147,000 after buying an additional 70 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in The Priceline Group by 1.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 106 shares of the company’s stock worth $156,000 after buying an additional 2 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

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

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1520.27 on Wednesday. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93. The company has a market capitalization of $75.02 billion, a P/E ratio of 38.81 and a beta of 1.69. The firm’s 50-day moving average is $1,486.76 and its 200-day moving average is $1,395.39.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the consensus estimate of $29.88 by $1.30. The business earned $3.69 billion during 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 firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $25.35 earnings per share. Equities research analysts predict that The Priceline Group Inc. will post $64.44 EPS for the current year.

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A number of research firms have commented on PCLN. Morgan Stanley restated a “buy” rating and issued a $1,600.00 price objective on shares of The Priceline Group in a research note on Friday, August 5th. Barclays PLC reaffirmed an “overweight” rating and issued a $1,550.00 target price on shares of The Priceline Group in a report on Friday, August 5th. RBC Capital Markets reaffirmed a “buy” rating and issued a $1,750.00 target price on shares of The Priceline Group in a report on Friday, November 4th. Piper Jaffray Cos. lifted their target price on shares of The Priceline Group from $1,500.00 to $1,625.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Finally, Deutsche Bank AG lifted their target price on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, August 5th. Six equities 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 stock 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 firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of the sale, the insider now directly owns 25,131 shares in the company, valued at $36,056,702.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffery H. Boyd sold 2,814 shares of the firm’s stock in a transaction that occurred 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 transaction, 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. Corporate insiders own 0.42% of the company’s stock.

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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