Alta Capital Management LLC increased its position in shares of Priceline Group Inc (NASDAQ:PCLN) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,537 shares of the business services provider’s stock after purchasing an additional 4,348 shares during the quarter. Priceline Group accounts for 4.8% of Alta Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Alta Capital Management LLC’s holdings in Priceline Group were worth $75,655,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PCLN. Harding Loevner LP increased its position in Priceline Group by 2,593.1% during the third 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. Vanguard Group Inc. increased its position in Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after buying an additional 79,784 shares in the last quarter. Capital World Investors increased its position in Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after buying an additional 34,959 shares in the last quarter. Capital Research Global Investors increased its position in Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Priceline Group by 654.1% during the second quarter. Janus Henderson Group PLC now owns 642,567 shares of the business services provider’s stock worth $1,201,971,000 after buying an additional 557,358 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

In other Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the completion of the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at $9,414,311.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,445 shares of company stock valued at $2,544,764. 0.24% of the stock is owned by company insiders.

Priceline Group Inc (NASDAQ:PCLN) traded down $23.19 during mid-day trading on Thursday, reaching $1,926.71. The company’s stock had a trading volume of 390,913 shares, compared to its average volume of 406,339. Priceline Group Inc has a 1 year low of $1,528.01 and a 1 year high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $94,520.00, a P/E ratio of 27.00, a PEG ratio of 1.43 and a beta of 1.39.

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

PCLN has been the subject of several recent research reports. Barclays reissued a “buy” rating and set a $2,150.00 price target on shares of Priceline Group in a research report on Wednesday, October 11th. Bank of America reissued a “buy” rating and set a $2,150.00 price target on shares of Priceline Group in a research report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and set a $2,200.00 price target on shares of Priceline Group in a research report on Wednesday, October 4th. Zacks Investment Research downgraded Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank reissued a “hold” rating and set a $2,050.00 price target on shares of Priceline Group in a research report on Tuesday, October 24th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,010.80.

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About 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.

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

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