Amica Mutual Insurance Co. maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,852 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in The Priceline Group were worth $4,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of The Priceline Group by 6.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,294 shares of the company’s stock valued at $1,672,000 after buying an additional 83 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of The Priceline Group by 65.3% in the first quarter. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock valued at $104,000 after buying an additional 32 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of The Priceline Group by 18.1% in the second quarter. Integrated Investment Consultants LLC now owns 98 shares of the company’s stock valued at $122,000 after buying an additional 15 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of The Priceline Group by 1.9% in the second quarter. Raymond James Trust N.A. now owns 842 shares of the company’s stock valued at $1,051,000 after buying an additional 16 shares in the last quarter. Finally, CenturyLink Investment Management Co acquired a new stake in shares of The Priceline Group during the second quarter valued at about $819,000. 94.33% of the stock is currently owned by institutional investors.

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

The Priceline Group Inc. (NASDAQ:PCLN) traded down 1.09% during mid-day trading on Wednesday, reaching $1503.68. The company had a trading volume of 375,616 shares. 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 market capitalization of $74.20 billion, a P/E ratio of 38.38 and a beta of 1.69. The stock’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 announced its quarterly earnings data on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $29.88 by $1.30. The business earned $3.69 billion during the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $25.35 earnings per share. On average, analysts predict that The Priceline Group Inc. will post $64.44 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “The Priceline Group Inc. (PCLN) Stake Held by Amica Mutual Insurance Co.” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/30/the-priceline-group-inc-pcln-stake-held-by-amica-mutual-insurance-co.html.

PCLN has been the topic of several research reports. Piper Jaffray Cos. increased their price target on shares of The Priceline Group from $1,500.00 to $1,625.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Benchmark Co. upped their target price on shares of The Priceline Group from $1,440.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Barclays PLC restated an “overweight” rating and set a $1,550.00 target price on shares of The Priceline Group in a research note on Friday, August 5th. Royal Bank Of Canada restated an “outperform” rating and set a $1,600.00 target price on shares of The Priceline Group in a research note on Friday, August 5th. Finally, Deutsche Bank AG upped their target price on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,622.45.

In other news, insider Glenn D. Fogel sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was 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 of the company’s stock, valued at $36,056,702.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 130 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total value of $186,157.40. Following the sale, the chief executive officer now directly owns 5,788 shares of the company’s stock, valued at $8,288,300.24. 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

Receive News & Stock 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 stocks with our FREE daily email newsletter.