OLD National Bancorp IN lifted its holdings in shares of Priceline Group Inc (NASDAQ:PCLN) by 43.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 847 shares of the business services provider’s stock after buying an additional 256 shares during the period. OLD National Bancorp IN’s holdings in Priceline Group were worth $1,472,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of PCLN. Harding Loevner LP raised 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 buying an additional 5,058,945 shares in the last quarter. Boston Partners raised its holdings in shares of Priceline Group by 2,233.7% during the 4th quarter. Boston Partners now owns 191,083 shares of the business services provider’s stock worth $332,053,000 after buying an additional 182,895 shares in the last quarter. Flossbach Von Storch AG raised its holdings in shares of Priceline Group by 208.2% during the 4th quarter. Flossbach Von Storch AG now owns 262,682 shares of the business services provider’s stock worth $456,473,000 after buying an additional 177,457 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in Priceline Group in the 3rd quarter worth about $174,056,000. Finally, Vontobel Asset Management Inc. increased its holdings in Priceline Group by 28.1% in the 4th quarter. Vontobel Asset Management Inc. now owns 252,351 shares of the business services provider’s stock worth $439,060,000 after purchasing an additional 55,395 shares in the last quarter. 93.87% of the stock is owned by institutional investors.
In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was 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 in the company, valued at $10,016,523.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock worth $2,780,310 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.
A number of equities analysts have issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Priceline Group in a report on Thursday, November 16th. BidaskClub cut Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Co increased their price target on Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Vetr raised Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 price target for the company in a research note on Tuesday, January 30th. Finally, SunTrust Banks increased their price target on Priceline Group to $2,200.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,025.31.
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Priceline Group 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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