Carnick & Kubik Group LLC reduced its stake in shares of Priceline Group Inc (NASDAQ:PCLN) by 12.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 208 shares of the business services provider’s stock after selling 29 shares during the period. Carnick & Kubik Group LLC’s holdings in Priceline Group were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Priceline Group by 3.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 778 shares of the business services provider’s stock valued at $1,352,000 after buying an additional 27 shares in the last quarter. Advantus Capital Management Inc lifted its position in shares of Priceline Group by 0.6% during 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. Harbour Capital Advisors LLC lifted its position in shares of Priceline Group by 5.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 598 shares of the business services provider’s stock valued at $1,039,000 after buying an additional 29 shares in the last quarter. Clear Perspective Advisors LLC lifted its position in shares of Priceline Group by 3.9% during the 4th quarter. Clear Perspective Advisors LLC now owns 768 shares of the business services provider’s stock valued at $1,335,000 after buying an additional 29 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in shares of Priceline Group by 18.2% during the 4th quarter. Sigma Planning Corp now owns 201 shares of the business services provider’s stock valued at $349,000 after buying an additional 31 shares in the last quarter. 93.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. JMP Securities lifted their price objective on Priceline Group from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Deutsche Bank reaffirmed a “hold” rating and set a $2,050.00 price objective on shares of Priceline Group in a research report on Tuesday, October 24th. Vetr raised Priceline Group from a “hold” rating to a “buy” rating and set a $2,000.67 price objective on the stock in a research report on Tuesday, January 30th. Wells Fargo & Co lifted their price objective on Priceline Group from $1,800.00 to $1,850.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. Finally, BidaskClub cut Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Priceline Group presently has an average rating of “Buy” and a consensus price target of $2,025.31.

Shares of Priceline Group Inc (NASDAQ:PCLN) opened at $1,818.41 on Thursday. The stock has a market capitalization of $87,680.80, a P/E ratio of 24.15, a PEG ratio of 1.33 and a beta of 1.38. Priceline Group Inc has a twelve month low of $1,612.41 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.

In other news, Director Jan L. Docter sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the transaction, the director now owns 142 shares of the company’s stock, valued at approximately $250,561.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total value of $216,298.68. Following the transaction, the chief executive officer now directly owns 5,310 shares in the company, valued at approximately $9,414,311.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,444 shares of company stock worth $2,569,269 over the last ninety days. Insiders own 0.24% of the company’s stock.

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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.

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

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