BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,453 shares of the business services provider’s stock after selling 385 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.08% of The Priceline Group worth $75,893,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of The Priceline Group in the second quarter valued at approximately $101,000. Horan Capital Advisors LLC. acquired a new stake in shares of The Priceline Group in the third quarter valued at approximately $103,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of The Priceline Group in the second quarter valued at approximately $105,000. Capital Advisors Ltd. LLC acquired a new stake in shares of The Priceline Group in the second quarter valued at approximately $112,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of The Priceline Group in the second quarter valued at approximately $133,000. Institutional investors own 94.68% of the company’s stock.

In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at approximately $10,479,571.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock valued at $2,790,353 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at $1,724.88 on Wednesday. The firm has a market cap of $84,041.62, a P/E ratio of 23.15, a P/E/G ratio of 1.36 and a beta of 1.40. The Priceline Group Inc. has a 1-year low of $1,459.49 and a 1-year high of $2,067.99. 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 (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $29.69 earnings per share. equities research analysts predict that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

PCLN has been the topic of several analyst reports. Royal Bank Of Canada raised their price target on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Credit Suisse Group restated 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. Macquarie raised their price target on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated a “hold” rating and set a $1,850.00 price objective on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Deutsche Bank reiterated a “hold” rating and set a $2,075.00 price objective (up previously from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,011.16.

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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.

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

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