Schwab Charles Investment Management Inc. lifted its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 166,102 shares of the business services provider’s stock after buying an additional 4,384 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Priceline Group were worth $288,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PCLN. Optimum Investment Advisors grew its stake in Priceline Group by 1.8% in the 2nd quarter. Optimum Investment Advisors now owns 553 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 10 shares in the last quarter. Covington Capital Management grew its stake in Priceline Group by 1.2% in the 2nd quarter. Covington Capital Management now owns 858 shares of the business services provider’s stock valued at $1,605,000 after buying an additional 10 shares in the last quarter. EagleClaw Capital Managment LLC grew its stake in Priceline Group by 3.2% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 807 shares of the business services provider’s stock valued at $1,509,000 after buying an additional 25 shares in the last quarter. Advantus Capital Management Inc grew its stake in Priceline Group by 0.6% in the 3rd quarter. Advantus Capital Management Inc now owns 5,038 shares of the business services provider’s stock valued at $9,224,000 after buying an additional 29 shares in the last quarter. Finally, First Bank & Trust grew its stake in Priceline Group by 15.8% in the 3rd quarter. First Bank & Trust now owns 235 shares of the business services provider’s stock valued at $431,000 after buying an additional 32 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

In other news, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the sale, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of Priceline Group stock in a transaction on 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 sale, the chief executive officer now directly owns 5,310 shares of the company’s stock, valued at $9,414,311.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock valued at $2,780,310 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Shares of Priceline Group Inc (PCLN) opened at $1,950.48 on Friday. Priceline Group Inc has a fifty-two week low of $1,562.86 and a fifty-two week 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 stock has a market cap of $95,690.00, a price-to-earnings ratio of 27.33, a PEG ratio of 1.45 and a beta of 1.39.

Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $34.31 by $0.91. 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 during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm posted $29.69 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. research analysts predict that Priceline Group Inc will post 74.42 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group restated an “outperform” rating and set a $2,000.00 price target (down from $2,070.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price target on shares of Priceline Group in a research report on Tuesday, November 7th. Oppenheimer restated a “buy” rating and set a $1,950.00 price target (down from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, UBS Group restated a “neutral” rating on shares of Priceline Group in a research report on Tuesday, November 7th. Eleven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $2,022.47.

TRADEMARK VIOLATION NOTICE: “Priceline Group Inc (PCLN) Shares Bought by Schwab Charles Investment Management Inc.” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://theolympiareport.com/2018/01/28/priceline-group-inc-pcln-shares-bought-by-schwab-charles-investment-management-inc.html.

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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Priceline Group Inc (NASDAQ:PCLN).

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

Receive News & Ratings for Priceline Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Priceline Group and related companies with MarketBeat.com's FREE daily email newsletter.