Old Mutual Global Investors UK Ltd. purchased a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 95,070 shares of the business services provider’s stock, valued at approximately $174,056,000. The Priceline Group accounts for approximately 1.8% of Old Mutual Global Investors UK Ltd.’s investment portfolio, making the stock its 12th largest position. Old Mutual Global Investors UK Ltd. owned 0.19% of The Priceline Group as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PCLN. Harbour Capital Advisors LLC grew its holdings in The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 977,817 shares during the period. Janus Henderson Group PLC grew its holdings in The Priceline Group by 654.1% during the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock valued at $1,201,971,000 after purchasing an additional 557,358 shares during the period. Renaissance Technologies LLC bought a new stake in The Priceline Group during the first quarter valued at about $358,128,000. Capital Research Global Investors grew its holdings in 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, Vanguard Group Inc. grew its holdings in The Priceline Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after purchasing an additional 93,992 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

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Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up $1.31 during mid-day trading on Monday, reaching $1,895.80. The company’s stock had a trading volume of 65,879 shares, compared to its average volume of 375,704. The Priceline Group Inc. has a fifty-two week low of $1,422.19 and a fifty-two week high of $2,067.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $92,940.00, a P/E ratio of 27.00, a PEG ratio of 1.49 and a beta of 1.43.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $13.93 earnings per share. equities research analysts expect that The Priceline Group Inc. will post 75 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. UBS AG reissued a “buy” rating and set a $2,100.00 price target on shares of The Priceline Group in a report on Thursday, August 10th. Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie boosted their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. Finally, Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,960.17.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at $600,288. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the company’s 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 value of $236,680.00. Following the transaction, the chief executive officer now directly owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,867 shares of company stock worth $5,382,925. Insiders own 0.24% of the company’s stock.

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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