Summit X LLC bought a new stake in The Priceline Group Inc. (NASDAQ:PCLN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 131 shares of the business services provider’s stock, valued at approximately $239,000.

A number of other large investors have also recently modified their holdings of PCLN. Vanguard Group Inc. increased its position in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after acquiring an additional 79,784 shares in the last quarter. FMR LLC increased its position in shares of The Priceline Group by 3.8% during the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after acquiring an additional 67,569 shares in the last quarter. Capital World Investors increased its position in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after acquiring an additional 34,959 shares in the last quarter. Capital Research Global Investors increased its position in shares of The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after acquiring an additional 108,187 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after acquiring an additional 977,817 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,867 shares of company stock worth $5,382,925. Corporate insiders own 0.24% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.03% on Monday, reaching $1942.77. 80,452 shares of the company’s stock were exchanged. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99. The company has a 50 day moving average price of $1,876.51 and a 200 day moving average price of $1,870.88. The firm has a market cap of $95.31 billion, a PE ratio of 41.26 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.93 EPS. Analysts expect that The Priceline Group Inc. will post $74.81 EPS for the current fiscal year.

PCLN has been the subject of several research reports. BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Morgan Stanley increased their price objective on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Zacks Investment Research cut shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC restated a “buy” rating and set a $2,150.00 target price on shares of The Priceline Group in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $2,200.00 target price on shares of The Priceline Group in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,961.00.

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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