Edgemoor Investment Advisors Inc. raised its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,742 shares of the business services provider’s stock after acquiring an additional 62 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in The Priceline Group were worth $8,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Well Done LLC lifted its holdings in The Priceline Group by 1.2% in the 2nd quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 2 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in The Priceline Group by 0.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after acquiring an additional 3 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in The Priceline Group by 1.0% in the 2nd quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 4 shares during the last quarter. Winfield Associates Inc. lifted its holdings in The Priceline Group by 0.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,340 shares of the business services provider’s stock valued at $2,507,000 after acquiring an additional 5 shares during the last quarter. Finally, New Amsterdam Partners LLC NY lifted its holdings in The Priceline Group by 1.5% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 5 shares during the last quarter. 95.22% of the stock is owned by institutional investors.

In related news, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was 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 owns 5,555 shares in the company, valued at $10,776,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 367 shares of company stock worth $672,929 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on PCLN shares. Jefferies Group LLC reissued a “buy” rating and issued a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and issued 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. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, UBS AG reaffirmed a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $2,020.52.

The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,758.42 on Monday. The firm has a market capitalization of $85,758.15, a PE ratio of 23.62, a PEG ratio of 1.39 and a beta of 1.43. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve 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.

The 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, beating analysts’ consensus estimates of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $29.69 EPS. sell-side analysts forecast that The Priceline Group Inc. will post 74.42 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “The Priceline Group Inc. (PCLN) Shares Bought by Edgemoor Investment Advisors Inc.” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.watchlistnews.com/the-priceline-group-inc-pcln-shares-bought-by-edgemoor-investment-advisors-inc/1728526.html.

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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).

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

Receive News & Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.