BARING ASSET MANAGEMENT Ltd Decreases Position in The Priceline Group Inc. (PCLN)

BARING ASSET MANAGEMENT Ltd cut its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 42.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 686 shares of the business services provider’s stock after selling 510 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in The Priceline Group were worth $1,256,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after buying an additional 79,784 shares in the last quarter. FMR LLC grew its holdings in shares of The Priceline Group by 3.8% during the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares in the last quarter. Capital World Investors grew its holdings in shares of The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after buying an additional 34,959 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its holdings in shares of The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 1.0733% on Tuesday, reaching $1899.9052. The company’s stock had a trading volume of 114,659 shares. The stock has a 50 day moving average of $1,887.88 and a 200-day moving average of $1,879.16. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The firm has a market cap of $93.21 billion, a price-to-earnings ratio of 40.3514 and a beta of 1.47.

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 the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. 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 company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $74.99 EPS for the current year.

A number of research firms recently issued reports on PCLN. UBS AG reiterated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and set a $110.00 price objective (down from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Barclays PLC reiterated an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $2,200.00 price target (up from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $2,075.00 price target (up from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,960.17.

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In other news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the transaction, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock worth $5,382,925 over the last ninety days. Insiders own 0.24% 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.

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

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