Teacher Retirement System of Texas reduced its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 recently added to or reduced their stakes in the company. Harding Loevner LP lifted its holdings in shares of Priceline Group by 2,593.1% during the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock worth $347,846,000 after acquiring an additional 5,058,945 shares during the last quarter. Edgewood Management LLC lifted its holdings in shares of Priceline Group by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 625,197 shares of the business services provider’s stock worth $1,144,623,000 after acquiring an additional 5,833 shares during the last quarter. Polen Capital Management LLC lifted its holdings in shares of Priceline Group by 2.7% during the 3rd quarter. Polen Capital Management LLC now owns 343,368 shares of the business services provider’s stock worth $628,645,000 after acquiring an additional 8,938 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Priceline Group by 6.0% during the 3rd quarter. Investec Asset Management LTD now owns 327,885 shares of the business services provider’s stock worth $600,298,000 after acquiring an additional 18,437 shares during the last quarter. Finally, Vontobel Asset Management Inc. lifted its holdings in shares of Priceline Group by 28.1% during the 4th quarter. Vontobel Asset Management Inc. now owns 252,351 shares of the business services provider’s stock worth $439,060,000 after acquiring an additional 55,395 shares during the last quarter. Hedge funds and other institutional investors own 93.97% of the company’s stock.

In related news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,567 shares of company stock valued at $2,780,310. Insiders own 0.24% of the company’s stock.

Priceline Group Inc (NASDAQ PCLN) opened at $1,882.68 on Thursday. The company has a market cap of $90,645.99, a PE ratio of 26.37, a PEG ratio of 1.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. Priceline Group Inc has a one year low of $1,589.00 and a one year high of $2,067.99.

Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $29.69 earnings per share. sell-side analysts predict that Priceline Group Inc will post 74.41 EPS for the current year.

A number of analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Priceline Group in a report on Thursday, November 16th. BidaskClub downgraded shares of Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Co lifted their price objective on shares of Priceline Group from $1,800.00 to $1,850.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. Vetr raised shares of Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 price objective for the company in a report on Tuesday, January 30th. Finally, SunTrust Banks lifted their price objective on shares of Priceline Group to $2,200.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,025.31.

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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 Priceline Group (NASDAQ:PCLN)

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