OMERS ADMINISTRATION Corp boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 35.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,515 shares of the business services provider’s stock after buying an additional 15,695 shares during the period. The Priceline Group comprises approximately 1.4% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 28th largest position. OMERS ADMINISTRATION Corp owned approximately 0.12% of The Priceline Group worth $105,935,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PCLN. Sunbelt Securities Inc. purchased a new position in The Priceline Group during the fourth quarter worth $106,000. Hartford Financial Management Inc. purchased a new position in The Priceline Group during the first quarter worth $106,000. Webster Bank N. A. raised its position in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. raised its position in The Priceline Group by 12.5% 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in The Priceline Group during the fourth quarter worth $118,000. 96.75% of the stock is owned by institutional investors and hedge funds.

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

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1862.93 on Friday. The stock has a 50 day moving average of $1,852.74 and a 200 day moving average of $1,701.26. The stock has a market capitalization of $91.55 billion, a P/E ratio of 42.06 and a beta of 1.41. The Priceline Group Inc. has a 52 week low of $1,148.06 and a 52 week high of $1,927.13.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, beating the consensus estimate of $8.83 by $1.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.45 billion. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $10.54 earnings per share. On average, equities research analysts predict that The Priceline Group Inc. will post $73.68 earnings per share for the current fiscal year.

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PCLN has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price objective on shares of The Priceline Group to $1,850.00 in a research report on Tuesday, February 28th. Jefferies Group LLC boosted their price objective on shares of The Priceline Group from $1,800.00 to $2,000.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Evercore ISI reissued a “buy” rating and issued a $1,850.00 price objective on shares of The Priceline Group in a research report on Monday, February 27th. Credit Suisse Group set a $1,935.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research report on Tuesday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,800.00 price objective on shares of The Priceline Group in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,928.36.

In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now owns 346 shares in the company, valued at $642,753.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total value of $212,646.00. Following the transaction, the chief executive officer now owns 6,289 shares in the company, valued at approximately $10,961,727. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,744 shares of company stock worth $3,220,459. 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 online 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.

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