Teacher Retirement System of Texas cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 9.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,080 shares of the business services provider’s stock after selling 4,423 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of The Priceline Group worth $74,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its position in The Priceline Group by 4.1% in the first quarter. Capital Advisors Inc. OK now owns 6,556 shares of the business services provider’s stock valued at $11,669,000 after buying an additional 256 shares in the last quarter. Pinnacle Bank acquired a new position in The Priceline Group during the first quarter worth about $178,000. Dodge & Cox acquired a new position in The Priceline Group during the fourth quarter worth about $1,173,150,000. Carderock Capital Management Inc. boosted its position in The Priceline Group by 163.3% in the first quarter. Carderock Capital Management Inc. now owns 1,659 shares of the business services provider’s stock worth $2,952,000 after buying an additional 1,029 shares during the last quarter. Finally, Atria Investments LLC boosted its position in The Priceline Group by 1.2% in the first quarter. Atria Investments LLC now owns 1,209 shares of the business services provider’s stock worth $2,152,000 after buying an additional 14 shares during the last quarter. 95.19% of the stock is owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.24% during midday trading on Friday, reaching $2032.77. The company had a trading volume of 333,524 shares. The firm’s 50 day moving average price is $1,920.50 and its 200-day moving average price is $1,790.59. The stock has a market capitalization of $99.89 billion, a price-to-earnings ratio of 45.89 and a beta of 1.42. The Priceline Group Inc. has a 1-year low of $1,336.03 and a 1-year high of $2,043.95.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Tuesday, May 9th. The business services provider reported $9.88 EPS 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 return on equity of 33.94% and a net margin of 20.12%. The Priceline Group’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.54 earnings per share. Equities research analysts expect that The Priceline Group Inc. will post $74.11 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. MKM Partners restated a “buy” rating and set a $2,050.00 price objective (up from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. Credit Suisse Group raised their price objective on The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG raised their price objective on The Priceline Group from $1,725.00 to $2,000.00 and gave the company a “hold” rating in a research note on Monday, May 8th. Finally, UBS AG reaffirmed a “buy” rating and set a $2,100.00 target price (up from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,890.83.

In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the transaction, the chief executive officer now owns 6,044 shares of the company’s stock, valued at $10,963,816. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the transaction, the director now directly owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,744 shares of company stock worth $3,245,648. Corporate insiders own 0.42% of the company’s stock.

About The Priceline Group

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.

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

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