Greenbrier Partners Capital Management LLC Invests $2.61 Million in Priceline Group Inc (PCLN) Stock

Greenbrier Partners Capital Management LLC bought a new stake in Priceline Group Inc (NASDAQ:PCLN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the business services provider’s stock, valued at approximately $2,607,000. Priceline Group comprises approximately 0.5% of Greenbrier Partners Capital Management LLC’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCLN. Horan Capital Advisors LLC. purchased a new stake in shares of Priceline Group during the 3rd quarter valued at approximately $103,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Priceline Group during the 4th quarter valued at approximately $123,000. Fieldpoint Private Securities LLC lifted its stake in shares of Priceline Group by 626.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock valued at $200,000 after buying an additional 94 shares in the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Priceline Group during the 4th quarter valued at approximately $200,000. Finally, Adviser Investments LLC purchased a new stake in shares of Priceline Group during the 3rd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.

A number of analysts recently commented on PCLN shares. Stifel Nicolaus dropped their price target on shares of Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $2,000.00 price target (down from $2,200.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Oppenheimer restated a “buy” rating and set a $1,950.00 price target (down from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price target on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $2,025.31.

In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $1,930.71, for a total value of $235,546.62. Following the transaction, the chief executive officer now owns 5,188 shares of the company’s stock, valued at approximately $10,016,523.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock worth $2,780,310 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Shares of Priceline Group Inc (NASDAQ:PCLN) opened at $1,765.00 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The firm has a market cap of $86,078.23, a P/E ratio of 23.71, a P/E/G ratio of 1.31 and a beta of 1.38. Priceline Group Inc has a twelve month low of $1,612.41 and a twelve month high of $2,067.99.

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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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