Banque Pictet & Cie SA trimmed its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 31.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,891 shares of the business services provider’s stock after selling 1,750 shares during the quarter. Banque Pictet & Cie SA’s holdings in The Priceline Group were worth $7,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in The Priceline Group in the 3rd quarter worth about $4,712,000. Abbrea Capital LLC bought a new stake in shares of The Priceline Group during the 3rd quarter valued at about $218,000. Bank Hapoalim BM grew its stake in shares of The Priceline Group by 119.8% during the 3rd quarter. Bank Hapoalim BM now owns 877 shares of the business services provider’s stock valued at $1,606,000 after purchasing an additional 478 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO grew its stake in shares of The Priceline Group by 12.9% during the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 12,306 shares of the business services provider’s stock valued at $22,530,000 after purchasing an additional 1,403 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of The Priceline Group by 1.5% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,570 shares of the business services provider’s stock valued at $21,183,000 after purchasing an additional 169 shares during the period. Institutional investors own 95.10% of the company’s stock.

PCLN has been the subject of a number of recent research reports. Barclays PLC restated a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Wednesday, October 11th. UBS AG restated an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Bank of America Corporation restated a “buy” rating and set a $2,150.00 price target on shares of The Priceline Group in a research note on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating and set a $2,200.00 price target on shares of The Priceline Group in a research note on Wednesday, October 4th. Finally, Deutsche Bank AG restated a “hold” rating and set a $2,050.00 price target on shares of The Priceline Group in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,020.52.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Monday, October 16th. The stock was 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 approximately $10,776,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 367 shares of company stock worth $672,929 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

The Priceline Group Inc. (NASDAQ PCLN) traded up $15.57 during midday trading on Friday, hitting $1,747.22. The stock had a trading volume of 499,533 shares, compared to its average volume of 460,337. The company has a market cap of $84,950.00, a P/E ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group Inc. has a 52-week low of $1,459.49 and a 52-week high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The Priceline Group’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $29.69 EPS. research analysts expect that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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