Echo Street Capital Management LLC cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 69.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,092 shares of the company’s stock after selling 4,725 shares during the period. Echo Street Capital Management LLC’s holdings in The Priceline Group were worth $3,078,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Hillman Co. increased its position in shares of The Priceline Group by 29.2% in the second quarter. Hillman Co. now owns 22,929 shares of the company’s stock valued at $28,625,000 after buying an additional 5,186 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of The Priceline Group by 27.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,299 shares of the company’s stock valued at $51,942,000 after buying an additional 7,663 shares during the last quarter. Henderson Group PLC increased its position in shares of The Priceline Group by 19.9% in the second quarter. Henderson Group PLC now owns 79,996 shares of the company’s stock valued at $99,914,000 after buying an additional 13,258 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of The Priceline Group by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,299,947 shares of the company’s stock valued at $1,912,859,000 after buying an additional 13,257 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of The Priceline Group by 76.1% in the second quarter. Artemis Investment Management LLP now owns 14,116 shares of the company’s stock valued at $17,630,000 after buying an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.48% during midday trading on Friday, reaching $1545.93. 204,754 shares of the company traded hands. The firm has a 50-day moving average of $1,506.48 and a 200-day moving average of $1,435.06. The stock has a market capitalization of $76.28 billion, a P/E ratio of 39.46 and a beta of 1.65. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping the consensus estimate of $29.88 by $1.30. The business earned $3.69 billion during the quarter, compared to the consensus estimate of $3.61 billion. The Priceline Group had a return on equity of 34.70% and a net margin of 18.91%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $25.35 earnings per share. On average, analysts predict that The Priceline Group Inc. will post $64.63 earnings per share for the current year.

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Several research analysts recently commented on the stock. Evercore ISI reaffirmed a “buy” rating and issued a $1,650.00 target price on shares of The Priceline Group in a research note on Tuesday, November 8th. Deutsche Bank AG reissued a “buy” rating and set a $1,700.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 8th. Morgan Stanley reissued a “buy” rating and set a $1,600.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 8th. Goldman Sachs Group, Inc. (The) reissued a “hold” rating and set a $1,400.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 8th. Finally, Bank of America reissued a “buy” rating and set a $1,580.00 price objective on shares of The Priceline Group in a research report on Tuesday, November 8th. Six equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,650.85.

In other The Priceline Group news, CEO Jeffery H. Boyd sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $1,472.08, for a total value of $4,416,240.00. Following the completion of the sale, the chief executive officer now owns 85,537 shares of the company’s stock, valued at $125,917,306.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $1,499.97, for a total value of $196,496.07. Following the completion of the sale, the chief executive officer now directly owns 5,526 shares of the company’s stock, valued at approximately $8,288,834.22. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

The Priceline Group Company Profile

The Priceline Group Inc is a provider of travel and restaurant 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.

5 Day Chart for NASDAQ:PCLN

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