The Priceline Group Inc. (PCLN) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2,256.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,621 shares of the business services provider’s stock after buying an additional 13,043 shares during the period. Acadian Asset Management LLC’s holdings in The Priceline Group were worth $25,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BKD Wealth Advisors LLC boosted its position in shares of The Priceline Group by 1.3% in the first quarter. BKD Wealth Advisors LLC now owns 151 shares of the business services provider’s stock worth $269,000 after buying an additional 2 shares during the last quarter. Well Done LLC boosted its position in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after buying an additional 2 shares during the last quarter. Wrapmanager Inc. boosted its position in shares of The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock worth $477,000 after buying an additional 3 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after buying an additional 4 shares during the last quarter. Finally, CAPROCK Group Inc. boosted its position in shares of The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock worth $368,000 after buying an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 2.20% during midday trading on Thursday, hitting $1864.94. The stock had a trading volume of 519,634 shares. The stock has a 50-day moving average of $1,951.68 and a 200 day moving average of $1,807.38. The Priceline Group Inc. has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The stock has a market cap of $91.49 billion, a PE ratio of 39.61 and a beta of 1.42. The Priceline Group also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 15,301 put options on the company. This is an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 34.28%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $13.93 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts anticipate that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the company. Cowen and Company lifted their target price on The Priceline Group from $1,850.00 to $2,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. UBS AG reiterated a “buy” rating and issued a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Barclays PLC reiterated an “overweight” rating on shares of The Priceline Group in a report on Wednesday. Wells Fargo & Company reiterated a “hold” rating and issued a $1,850.00 target price on shares of The Priceline Group in a report on Wednesday. Finally, Royal Bank Of Canada lifted their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,909.30.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at $10,963,816. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,744 shares of company stock worth $3,245,648. 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 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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