Dana Investment Advisors Inc. reduced its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,018 shares of the business services provider’s stock after selling 204 shares during the quarter. Dana Investment Advisors Inc.’s holdings in The Priceline Group were worth $5,525,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Swiss National Bank lifted its position in The Priceline Group by 2.7% during the second quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock worth $336,043,000 after buying an additional 4,800 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in The Priceline Group during the third quarter worth about $36,616,000. Pacer Advisors Inc. lifted its position in The Priceline Group by 4.4% during the second quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock worth $3,081,000 after buying an additional 69 shares during the period. Norinchukin Bank The lifted its position in The Priceline Group by 4.0% during the second quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after buying an additional 228 shares during the period. Finally, Equitec Proprietary Markets LLC purchased a new position in The Priceline Group during the third quarter worth about $549,000. Institutional investors and hedge funds own 94.68% of the company’s stock.
The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,742.61 on Thursday. The company has a market capitalization of $83,665.12, a PE ratio of 23.04, a PEG ratio of 1.36 and a beta of 1.40. 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 Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99.
In other news, Director Jan L. Docter sold 1,200 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was 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 owns 142 shares in the company, valued at $250,561.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,567 shares of company stock valued at $2,790,353. Insiders own 0.24% of the company’s stock.
Several research firms recently weighed in on PCLN. Deutsche Bank reiterated a “hold” rating and set a $2,050.00 target price on shares of The Priceline Group in a research report on Tuesday, October 24th. Barclays reiterated 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. Stifel Nicolaus reduced their target price on The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Royal Bank of Canada increased their target price on The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Finally, Needham & Company LLC reiterated 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the stock. The Priceline Group has a consensus rating of “Buy” and a consensus target price of $2,002.06.
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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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