Crestwood Advisors Group LLC grew its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,596 shares of the business services provider’s stock after purchasing an additional 151 shares during the period. The Priceline Group makes up 1.5% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 25th biggest holding. Crestwood Advisors Group LLC’s holdings in The Priceline Group were worth $17,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harding Loevner LP raised its holdings in shares of The Priceline Group by 2,593.1% during the third quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after purchasing an additional 5,058,945 shares during the period. Vanguard Group Inc. raised its holdings in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after purchasing an additional 79,784 shares during the period. Capital World Investors raised its holdings in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after purchasing an additional 34,959 shares during the period. Capital Research Global Investors raised its holdings in shares of The Priceline Group by 7.1% during 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 period. Finally, Jennison Associates LLC raised its holdings in shares of The Priceline Group by 6.4% during the second quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock valued at $1,613,834,000 after purchasing an additional 52,133 shares during the period. Hedge funds and other institutional investors own 94.68% of the company’s stock.

In other The Priceline Group news, Director Jan L. Docter sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the transaction, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,790,353 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on PCLN shares. Bank of America reissued a “buy” rating and set a $2,150.00 target price on shares of The Priceline Group in a research report on Tuesday, September 26th. Barclays reissued a “buy” rating and set a $2,150.00 target price on shares of The Priceline Group in a research report on Wednesday, October 11th. SunTrust Banks reissued a “buy” rating and set a $2,200.00 target price on shares of The Priceline Group in a research report on Wednesday, October 4th. Stifel Nicolaus decreased their target price on shares of The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2,000.00 target price (down from $2,200.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $2,002.06.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,742.61 on Thursday. The Priceline Group Inc. has a 52-week low of $1,459.49 and a 52-week high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The stock has a market cap of $83,665.12, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.

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

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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.

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

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