Pinebridge Investments L.P. trimmed its holdings in Priceline Group Inc (NASDAQ:PCLN) by 82.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631 shares of the business services provider’s stock after selling 7,536 shares during the quarter. Pinebridge Investments L.P.’s holdings in Priceline Group were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of PCLN. Intl Fcstone Inc. bought a new position in shares of Priceline Group in the 2nd quarter worth about $664,000. BerganKDV Wealth Management LLC bought a new position in shares of Priceline Group in the 3rd quarter worth about $491,000. Arcadia Investment Management Corp MI increased its stake in shares of Priceline Group by 10.6% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 752 shares of the business services provider’s stock worth $1,377,000 after acquiring an additional 72 shares in the last quarter. Summit X LLC bought a new position in shares of Priceline Group in the 3rd quarter worth about $239,000. Finally, Fisher Asset Management LLC increased its stake in shares of Priceline Group by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,043 shares of the business services provider’s stock worth $1,910,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.
In other news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction 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 transaction, the director now owns 142 shares of the company’s stock, valued at $250,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the completion of the transaction, the chief executive officer now directly owns 5,188 shares in the company, valued at approximately $10,016,523.48. The disclosure for this sale can be found here. Insiders have sold 1,567 shares of company stock worth $2,796,925 in the last ninety days. Insiders own 0.24% of the company’s stock.
PCLN has been the subject of a number of analyst reports. Credit Suisse Group upgraded shares of Priceline Group to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and issued a $1,950.00 price target (down from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Finally, Vetr lowered shares of Priceline Group from a “buy” rating to a “hold” rating and set a $1,915.34 price target for the company. in a research note on Monday, January 8th. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target 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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