Edgemoor Investment Advisors Inc. increased its position in Priceline Group Inc (NASDAQ:PCLN) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,070 shares of the business services provider’s stock after buying an additional 328 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Priceline Group were worth $9,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Horan Capital Advisors LLC. purchased a new position in shares of Priceline Group in the third quarter worth $103,000. SeaCrest Wealth Management LLC purchased a new position in shares of Priceline Group in the fourth quarter worth $123,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Priceline Group in the second quarter worth $133,000. Fieldpoint Private Securities LLC increased its stake in shares of Priceline Group by 626.7% in the third quarter. Fieldpoint Private Securities LLC now owns 109 shares of the business services provider’s stock worth $200,000 after buying an additional 94 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Priceline Group in the fourth quarter worth $200,000. 93.97% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,000.00 target price (down from $2,070.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup reissued a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, November 7th. UBS Group reissued a “neutral” rating on shares of Priceline Group in a research report on Tuesday, November 7th. Finally, Oppenheimer reissued a “buy” rating and set a $1,950.00 price objective (down from $2,100.00) on shares of Priceline Group in a research report on Tuesday, November 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $2,025.31.

In other news, Director Jan L. Docter sold 1,200 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,930.71, for a total transaction of $235,546.62. Following the completion of the sale, the chief executive officer now directly owns 5,188 shares in the company, valued at $10,016,523.48. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock worth $2,780,310 over the last ninety days. Insiders own 0.24% of the company’s stock.

Shares of Priceline Group Inc (PCLN) opened at $1,765.00 on Friday. The firm has a market cap of $86,590.00, a PE ratio of 24.73, a PEG ratio of 1.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group Inc has a 1 year low of $1,612.41 and a 1 year high of $2,067.99.

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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.

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

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