Winfield Associates Inc. decreased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 1,330 shares of the company’s stock after selling 20 shares during the period. The Priceline Group accounts for 1.2% of Winfield Associates Inc.’s holdings, making the stock its 23rd largest position. Winfield Associates Inc.’s holdings in The Priceline Group were worth $1,957,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital World Investors increased its position in The Priceline Group by 38.0% in the second quarter. Capital World Investors now owns 1,235,836 shares of the company’s stock valued at $1,542,830,000 after buying an additional 340,386 shares in the last quarter. Lone Pine Capital LLC increased its position in The Priceline Group by 41.6% in the second quarter. Lone Pine Capital LLC now owns 1,120,758 shares of the company’s stock valued at $1,399,165,000 after buying an additional 329,121 shares in the last quarter. BlackRock Group LTD increased its position in The Priceline Group by 1.3% in the second quarter. BlackRock Group LTD now owns 405,155 shares of the company’s stock valued at $505,800,000 after buying an additional 5,337 shares in the last quarter. Polen Capital Management LLC increased its position in The Priceline Group by 11.6% in the second quarter. Polen Capital Management LLC now owns 332,867 shares of the company’s stock valued at $415,554,000 after buying an additional 34,705 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in The Priceline Group by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 318,298 shares of the company’s stock valued at $397,366,000 after buying an additional 806 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.47% on Friday, reaching $1545.82. 326,231 shares of the company traded hands. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93. The stock has a market capitalization of $76.28 billion, a price-to-earnings ratio of 39.46 and a beta of 1.65. The company has a 50-day moving average of $1,506.48 and a 200-day moving average of $1,435.06.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Monday, November 7th. The company reported $31.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The business earned $3.69 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm posted $25.35 earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Analysts anticipate that The Priceline Group Inc. will post $64.63 earnings per share for the current fiscal year.

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Several analysts recently issued reports on PCLN shares. Zacks Investment Research raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,644.00 target price on the stock in a research note on Friday, October 21st. Vetr cut The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,598.32 target price on the stock. in a research note on Thursday, September 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $1,560.00 target price (up from $1,453.49) on shares of The Priceline Group in a research note on Thursday, September 29th. RBC Capital Markets reissued a “buy” rating and issued a $1,750.00 target price (up from $1,600.00) on shares of The Priceline Group in a research note on Friday, October 7th. Finally, Benchmark Co. reissued a “buy” rating and issued a $1,800.00 target price (up from $1,600.00) on shares of The Priceline Group in a research note on Tuesday, November 8th. Six investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,650.85.

In related news, CEO Gillian Tans sold 131 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total transaction of $196,496.07. Following the completion of the transaction, the chief executive officer now owns 5,526 shares of the company’s stock, valued at $8,288,834.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $1,453.23, for a total transaction of $1,453,230.00. Following the transaction, the insider now directly owns 23,918 shares of the company’s stock, valued at approximately $34,758,355.14. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

The Priceline Group Company Profile

The Priceline Group Inc is a provider of travel and restaurant 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.

5 Day Chart for NASDAQ:PCLN

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