Synovus Financial Corp lowered its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,916 shares of the business services provider’s stock after selling 189 shares during the quarter. Synovus Financial Corp’s holdings in The Priceline Group were worth $3,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PCLN. Pinnacle Associates Ltd. increased its holdings in shares of The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after purchasing an additional 3 shares during the last quarter. First National Bank of Hutchinson increased its holdings in shares of The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 4 shares during the last quarter. Winfield Associates Inc. increased its holdings in shares of The Priceline Group by 0.4% in the second quarter. Winfield Associates Inc. now owns 1,340 shares of the business services provider’s stock valued at $2,507,000 after purchasing an additional 5 shares during the last quarter. New Amsterdam Partners LLC NY increased its holdings in shares of The Priceline Group by 1.5% in the second quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock valued at $630,000 after purchasing an additional 5 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of The Priceline Group by 0.8% in the second quarter. Oppenheimer & Co. Inc. now owns 600 shares of the business services provider’s stock valued at $1,122,000 after purchasing an additional 5 shares during the last quarter. 94.68% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 142 shares in the company, valued at $250,561.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total value of $225,208.34. Following the transaction, the chief executive officer now owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,567 shares of company stock valued at $2,790,353. Company insiders own 0.24% of the company’s stock.

Several equities research analysts recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of The Priceline Group in a report on Thursday, November 16th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,100.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, October 2nd. UBS reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Finally, Royal Bank Of Canada increased their price target on The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,011.16.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,724.88 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $84,041.62, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The Priceline Group Inc. has a one year low of $1,459.49 and a one year high of $2,067.99.

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

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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.

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

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