Fortaleza Asset Management Inc. trimmed its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 54.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210 shares of the business services provider’s stock after selling 255 shares during the period. Fortaleza Asset Management Inc.’s holdings in The Priceline Group were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PCLN. Waldron LP lifted its stake in shares of The Priceline Group by 68.9% in the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock valued at $732,000 after buying an additional 168 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of The Priceline Group by 1.5% in the first quarter. Principal Financial Group Inc. now owns 73,669 shares of the business services provider’s stock valued at $131,128,000 after buying an additional 1,053 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of The Priceline Group by 42.9% in the first quarter. Stratos Wealth Partners LTD. now owns 613 shares of the business services provider’s stock valued at $1,091,000 after buying an additional 184 shares in the last quarter. FMR LLC lifted its stake in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares in the last quarter. Finally, FIL Ltd lifted its stake in shares of The Priceline Group by 1.5% in the first quarter. FIL Ltd now owns 77,410 shares of the business services provider’s stock valued at $137,787,000 after buying an additional 1,119 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

PCLN has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $2,050.00 price objective on shares of The Priceline Group in a research note on Tuesday, October 24th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $2,200.00 price objective on shares of The Priceline Group in a research note on Wednesday, October 4th. One equities 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,960.17.

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

The Priceline Group Inc. (PCLN) traded up 1.34% during trading on Tuesday, hitting $1905.01. 169,113 shares of the stock traded hands. The firm has a 50-day moving average price of $1,887.88 and a 200 day moving average price of $1,879.16. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The company has a market cap of $93.46 billion, a P/E ratio of 40.46 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities analysts expect that The Priceline Group Inc. will post $74.99 EPS for the current year.

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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