Public Employees Retirement Association of Colorado Acquires 4,912 Shares of The Priceline Group Inc. (PCLN)

Public Employees Retirement Association of Colorado increased its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,851 shares of the business services provider’s stock after acquiring an additional 4,912 shares during the quarter. The Priceline Group comprises about 0.9% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 18th largest holding. Public Employees Retirement Association of Colorado owned approximately 0.14% of The Priceline Group worth $126,054,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 valued at $6,143,655,000 after purchasing an additional 79,784 shares in the last quarter. Capital World Investors boosted 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 valued at $3,223,190,000 after purchasing an additional 34,959 shares in the last quarter. Capital Research Global Investors boosted 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 valued at $3,035,233,000 after purchasing an additional 108,187 shares in the last quarter. Harbour Capital Advisors LLC boosted 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 valued at $523,000 after purchasing an additional 977,817 shares in the last quarter. Finally, Jennison Associates LLC boosted 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 valued at $1,613,834,000 after purchasing an additional 52,133 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank AG restated a “hold” rating and issued a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, October 24th. Barclays PLC restated a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a research note on Wednesday, October 11th. SunTrust Banks, Inc. restated a “buy” rating and issued a $2,200.00 price target on shares of The Priceline Group in a research note on Wednesday, October 4th. Morgan Stanley restated an “overweight” rating and issued a $2,100.00 price target (up from $2,050.00) on shares of The Priceline Group in a research note on Monday, October 2nd. Finally, Bank of America Corporation restated a “buy” rating and issued a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,960.17.

In other news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,867 shares of company stock valued at $5,382,925. 0.24% of the stock is owned by corporate insiders.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $13.93 earnings per share.

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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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