Zweig DiMenna Associates LLC decreased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,867 shares of the business services provider’s stock after selling 466 shares during the quarter. The Priceline Group makes up approximately 1.3% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 24th largest position. Zweig DiMenna Associates LLC’s holdings in The Priceline Group were worth $14,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of The Priceline Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after acquiring an additional 79,784 shares in the last quarter. Capital World Investors grew its stake in shares of The Priceline Group by 2.1% in the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after acquiring an additional 34,959 shares in the last quarter. Capital Research Global Investors grew its stake in shares of The Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after acquiring an additional 108,187 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after acquiring an additional 977,817 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of The Priceline Group by 6.4% in the 2nd quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock worth $1,613,834,000 after acquiring an additional 52,133 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

In related news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the sale, the chief executive officer now owns 5,677 shares in the company, valued at $10,479,571.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 367 shares of company stock worth $693,175 in the last 90 days. Company insiders own 0.24% of the company’s stock.

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Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down $5.89 during trading on Friday, hitting $1,697.25. 725,500 shares of the stock traded hands, compared to its average volume of 657,835. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.20. The Priceline Group Inc. has a 1 year low of $1,459.49 and a 1 year high of $2,067.99. The company has a market capitalization of $82,774.88, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43.

The Priceline Group (NASDAQ:PCLN) last issued 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 net margin of 29.20% and a return on equity of 33.02%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the business earned $29.69 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. analysts forecast that The Priceline Group Inc. will post 74.44 earnings per share for the current year.

Several analysts have recently issued reports on PCLN shares. Morgan Stanley upped their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $2,300.00 price target (up previously from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $1,950.00 price target (down previously from $2,100.00) on shares of The Priceline Group in a research report on Tuesday, November 7th. UBS AG restated a “buy” rating and set a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, MKM Partners restated a “buy” rating and set a $2,225.00 price target (up previously from $2,050.00) on shares of The Priceline Group in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six 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 has an average rating of “Buy” and a consensus target price of $2,020.52.

About The Priceline Group

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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