Seaward Management Limited Partnership decreased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,933 shares of the business services provider’s stock after selling 634 shares during the period. The Priceline Group makes up 2.1% of Seaward Management Limited Partnership’s portfolio, making the stock its 11th biggest position. Seaward Management Limited Partnership’s holdings in The Priceline Group were worth $41,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of PCLN. Harbour Capital Advisors LLC boosted its position in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares during the period. Janus Henderson Group PLC boosted its holdings in The Priceline Group by 654.1% in the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after purchasing an additional 557,358 shares during the last quarter. Capital Research Global Investors boosted its holdings in The Priceline Group by 7.1% in the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after purchasing an additional 108,187 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in The Priceline Group in the third quarter valued at about $174,056,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in The Priceline Group by 1,844.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 87,500 shares of the business services provider’s stock valued at $163,671,000 after purchasing an additional 83,000 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “The Priceline Group Inc. (PCLN) Shares Sold by Seaward Management Limited Partnership” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/17/the-priceline-group-inc-pcln-shares-sold-by-seaward-management-limited-partnership.html.

The Priceline Group Inc. (PCLN) traded up $4.87 on Friday, hitting $1,731.65. The stock had a trading volume of 522,300 shares, compared to its average volume of 460,139. The company has a market cap of $85,560.00, a price-to-earnings ratio of 23.19, a PEG ratio of 1.37 and a beta of 1.43. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The Priceline Group’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $29.69 earnings per share. equities research analysts expect that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the sale, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

PCLN has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $2,300.00 price target (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $1,950.00 price target (down previously from $2,100.00) on shares of The Priceline Group in a report on Tuesday, November 7th. UBS AG reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday, August 10th. MKM Partners reissued a “buy” rating and issued a $2,225.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, August 14th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $2,000.00 price target (down previously from $2,070.00) on shares of The Priceline Group in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $2,020.52.

The Priceline Group 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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).

Institutional Ownership by Quarter for The Priceline Group (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.