Teacher Retirement System of Texas reduced its holdings in Priceline Group Inc (NASDAQ:PCLN) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,979 shares of the business services provider’s stock after selling 18,240 shares during the period. Teacher Retirement System of Texas’ holdings in Priceline Group were worth $36,456,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Covington Capital Management lifted its position in Priceline Group by 1.2% during the second quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock worth $1,605,000 after buying an additional 10 shares in the last quarter. EagleClaw Capital Managment LLC raised its position in Priceline Group by 3.2% in the second quarter. EagleClaw Capital Managment LLC now owns 807 shares of the business services provider’s stock valued at $1,509,000 after purchasing an additional 25 shares during the period. Advantus Capital Management Inc raised its position in Priceline Group by 0.6% in the third quarter. Advantus Capital Management Inc now owns 5,038 shares of the business services provider’s stock valued at $9,224,000 after purchasing an additional 29 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of Priceline Group by 5.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 598 shares of the business services provider’s stock valued at $1,039,000 after buying an additional 29 shares during the period. Finally, Clear Perspective Advisors LLC raised its holdings in shares of Priceline Group by 3.9% in the 4th quarter. Clear Perspective Advisors LLC now owns 768 shares of the business services provider’s stock valued at $1,335,000 after buying an additional 29 shares during the period. 93.87% of the stock is currently owned by institutional investors.
In other Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the sale, the chief executive officer now owns 5,188 shares in the company, valued at approximately $10,016,523.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction on 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 sale, the director now owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,444 shares of company stock worth $2,569,269. 0.24% of the stock is owned by insiders.
Several equities research analysts recently issued reports on PCLN shares. Credit Suisse Group upgraded Priceline Group to a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research cut Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer reissued a “buy” rating and set a $1,950.00 target price (down from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. BidaskClub raised Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Finally, Vetr cut Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price objective for the company. in a research report on Monday, January 8th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $2,025.31.
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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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