Marathon Asset Management LLP lifted its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,372 shares of the business services provider’s stock after purchasing an additional 4,570 shares during the period. Priceline Group comprises about 1.6% of Marathon Asset Management LLP’s investment portfolio, making the stock its 23rd biggest holding. Marathon Asset Management LLP’s holdings in Priceline Group were worth $103,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PCLN. State of New Jersey Common Pension Fund D acquired a new stake in Priceline Group during the third quarter worth about $36,616,000. Equitec Proprietary Markets LLC acquired a new stake in Priceline Group during the third quarter worth about $549,000. Troy Asset Management Ltd acquired a new stake in Priceline Group during the third quarter worth about $3,295,000. Huntington National Bank raised its stake in Priceline Group by 14.4% during the third quarter. Huntington National Bank now owns 13,761 shares of the business services provider’s stock worth $25,194,000 after acquiring an additional 1,734 shares during the period. Finally, River & Mercantile Asset Management LLP raised its stake in Priceline Group by 5.0% during the third quarter. River & Mercantile Asset Management LLP now owns 2,096 shares of the business services provider’s stock worth $3,836,000 after acquiring an additional 100 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on PCLN shares. Zacks Investment Research lowered shares of Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Credit Suisse Group reiterated an “outperform” rating and set a $2,000.00 price objective (down previously from $2,070.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, Vetr lowered shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price objective on the stock. in a research note on Monday, January 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $2,010.80.

In related news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The disclosure for this sale can be found here. Insiders have sold 1,445 shares of company stock valued at $2,544,764 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Shares of Priceline Group Inc (NASDAQ PCLN) traded up $39.00 during trading hours on Wednesday, reaching $1,958.47. 293,063 shares of the company were exchanged, compared to its average volume of 469,800. The company has a market capitalization of $95,320.00, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. Priceline Group Inc has a 1 year low of $1,528.01 and a 1 year 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 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. 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. research analysts predict that Priceline Group Inc will post 74.42 earnings per share for the current fiscal year.

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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.

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

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