Brighton Jones LLC purchased a new stake in The Priceline Group Inc. (NASDAQ:PCLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 113 shares of the business services provider’s stock, valued at approximately $207,000.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of The Priceline Group by 15.3% during the 1st quarter. HighTower Advisors LLC now owns 5,816 shares of the business services provider’s stock worth $10,399,000 after purchasing an additional 771 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of The Priceline Group during the 1st quarter worth $828,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of The Priceline Group by 10.6% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 553 shares of the business services provider’s stock worth $984,000 after purchasing an additional 53 shares during the last quarter. Covington Capital Management lifted its position in shares of The Priceline Group by 17.9% during the 1st quarter. Covington Capital Management now owns 848 shares of the business services provider’s stock worth $1,509,000 after purchasing an additional 129 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its position in shares of The Priceline Group by 110.8% during the 1st quarter. Archford Capital Strategies LLC now owns 137 shares of the business services provider’s stock worth $244,000 after purchasing an additional 72 shares during the last quarter. 95.22% of the stock is owned by institutional investors.

In other The Priceline Group news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total transaction of $211,040.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 367 shares of company stock worth $672,929 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Shares of The Priceline Group Inc. (PCLN) traded up $5.90 during trading on Wednesday, hitting $1,772.57. 140,991 shares of the stock were exchanged, compared to its average volume of 460,926. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99. 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 firm has a market capitalization of $85,542.75, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43.

The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business posted $29.69 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities analysts forecast that The Priceline Group Inc. will post 74.42 EPS for the current fiscal year.

PCLN has been the subject of several recent analyst reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $110.00 price objective (down from $2,150.00) on shares of The Priceline Group in a research report on Friday, July 28th. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,250.00 price objective on shares of The Priceline Group in a research report on Friday, August 4th. Royal Bank Of Canada lifted their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, Macquarie lifted their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. One investment 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 Priceline Group has an average rating of “Buy” and an average target price of $2,020.52.

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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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