Prudential Financial Inc. boosted its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 29.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,226 shares of the business services provider’s stock after purchasing an additional 20,691 shares during the period. Prudential Financial Inc. owned about 0.18% of The Priceline Group worth $165,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Well Done LLC lifted its stake in The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 2 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after acquiring an additional 3 shares during the last quarter. LS Investment Advisors LLC lifted its stake in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 4 shares during the last quarter. First National Bank of Hutchinson lifted its stake in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 4 shares during the last quarter. Finally, Hedeker Wealth LLC lifted its stake in The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 5 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the completion of the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at $10,479,571.69. The disclosure for this sale can be found here. Insiders sold a total of 2,867 shares of company stock valued at $5,382,925 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

A number of brokerages have commented on PCLN. Credit Suisse Group reiterated an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Morgan Stanley reiterated an “overweight” rating and issued a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research note on Monday, October 2nd. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Royal Bank Of Canada increased their price target on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and a consensus price target of $2,009.83.

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Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up $8.51 during trading on Tuesday, reaching $1,903.00. 838,228 shares of the company’s stock traded hands, compared to its average volume of 389,272. The Priceline Group Inc. has a twelve month low of $1,435.79 and a twelve month high of $2,067.99. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.65. The firm has a market cap of $82,330.00, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the company earned $29.69 EPS. The business’s revenue was up 20.1% on a year-over-year basis. equities analysts forecast that The Priceline Group Inc. will post 75 EPS for the current year.

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.

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

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