Davis R M Inc. boosted its holdings in shares of Priceline Group Inc (NASDAQ:PCLN) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,949 shares of the business services provider’s stock after buying an additional 41 shares during the period. Davis R M Inc.’s holdings in Priceline Group were worth $20,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State of New Jersey Common Pension Fund D purchased a new stake in Priceline Group during the 3rd quarter valued at about $36,616,000. Equitec Proprietary Markets LLC purchased a new stake in Priceline Group during the 3rd quarter valued at about $549,000. Troy Asset Management Ltd purchased a new stake in Priceline Group during the 3rd quarter valued at about $3,295,000. Profund Advisors LLC grew its stake in Priceline Group by 9.8% during the 2nd quarter. Profund Advisors LLC now owns 4,431 shares of the business services provider’s stock valued at $8,288,000 after purchasing an additional 395 shares during the last quarter. Finally, Huntington National Bank grew its stake in Priceline Group by 14.4% during the 3rd quarter. Huntington National Bank now owns 13,761 shares of the business services provider’s stock valued at $25,194,000 after purchasing an additional 1,734 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

In related news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total value of $216,298.68. Following the completion of the transaction, the chief executive officer now owns 5,310 shares of the company’s stock, valued at approximately $9,414,311.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value 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 sold a total of 1,445 shares of company stock valued at $2,544,764 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Several research firms have weighed in on PCLN. SunTrust Banks boosted their price target on Priceline Group to $2,200.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Oppenheimer boosted their price target on Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Vetr downgraded Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a research note on Monday, January 8th. Finally, BidaskClub upgraded Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Priceline Group has a consensus rating of “Buy” and an average target price of $2,010.80.

Priceline Group Inc (NASDAQ PCLN) traded up $26.30 during midday trading on Tuesday, reaching $1,919.40. The company had a trading volume of 555,200 shares, compared to its average volume of 454,789. The firm has a market cap of $94,340.00, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. Priceline Group Inc has a 12 month low of $1,528.01 and a 12 month high of $2,067.99. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.

Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. Priceline Group’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $29.69 EPS. equities analysts anticipate that Priceline Group Inc will post 74.41 EPS for the current fiscal year.

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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.

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

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