California State Teachers Retirement System Has $169.54 Million Position in The Priceline Group Inc. (PCLN)

California State Teachers Retirement System trimmed its position in The Priceline Group Inc. (NASDAQ:PCLN) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,636 shares of the business services provider’s stock after selling 7,935 shares during the period. California State Teachers Retirement System owned approximately 0.18% of The Priceline Group worth $169,537,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PCLN. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group during the 2nd quarter worth approximately $101,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the 2nd quarter worth approximately $105,000. Assetmark Inc. increased its stake in The Priceline Group by 12.5% during the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the 2nd quarter worth approximately $112,000. Finally, Proficio Capital Partners LLC increased its stake in The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

PCLN has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $2,250.00 target price on shares of The Priceline Group in a research note on Friday, August 4th. Credit Suisse Group set a $2,150.00 target price on The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,952.67.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The sale 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 on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock worth $5,384,080 in the last ninety days. Insiders own 0.24% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.26% during midday trading on Tuesday, reaching $1921.93. The company’s stock had a trading volume of 176,255 shares. The firm has a 50-day moving average of $1,846.14 and a 200-day moving average of $1,862.31. The stock has a market cap of $94.29 billion, a PE ratio of 40.82 and a beta of 1.47. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts forecast that The Priceline Group Inc. will post $74.79 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “California State Teachers Retirement System Has $169.54 Million Position in The Priceline Group Inc. (PCLN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/california-state-teachers-retirement-system-has-169-54-million-position-in-the-priceline-group-inc-pcln.html.

The 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 reservatio

Several other large investors have also recently made changes to their positions in PCLN. Harvest Fund Management Co. Ltd bought a new stake in The Priceline Group during the 2nd quarter worth approximately $101,000. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the 2nd quarter worth approximately $105,000. Assetmark Inc. increased its stake in The Priceline Group by 12.5% during the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the 2nd quarter worth approximately $112,000. Finally, Proficio Capital Partners LLC increased its stake in The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

PCLN has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $2,250.00 target price on shares of The Priceline Group in a research note on Friday, August 4th. Credit Suisse Group set a $2,150.00 target price on The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,952.67.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The sale 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 on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock worth $5,384,080 in the last ninety days. Insiders own 0.24% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.26% during midday trading on Tuesday, reaching $1921.93. The company’s stock had a trading volume of 176,255 shares. The firm has a 50-day moving average of $1,846.14 and a 200-day moving average of $1,862.31. The stock has a market cap of $94.29 billion, a PE ratio of 40.82 and a beta of 1.47. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $13.93 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts forecast that The Priceline Group Inc. will post $74.79 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “California State Teachers Retirement System Has $169.54 Million Position in The Priceline Group Inc. (PCLN)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/california-state-teachers-retirement-system-has-169-54-million-position-in-the-priceline-group-inc-pcln.html.

The 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 The Priceline Group (NASDAQ:PCLN)

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