Priceline Group Inc (PCLN) Stake Decreased by Employees Retirement System of Texas

Employees Retirement System of Texas trimmed its holdings in Priceline Group Inc (NASDAQ:PCLN) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,670 shares of the business services provider’s stock after selling 6,900 shares during the quarter. Employees Retirement System of Texas’ holdings in Priceline Group were worth $23,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Analyst IMS Investment Management Services Ltd. grew its stake in Priceline Group by 3.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 778 shares of the business services provider’s stock worth $1,352,000 after purchasing an additional 27 shares in the last quarter. GWM Advisors LLC grew its stake in Priceline Group by 10.8% in the fourth quarter. GWM Advisors LLC now owns 288 shares of the business services provider’s stock worth $533,000 after purchasing an additional 28 shares in the last quarter. Advantus Capital Management Inc grew its stake in Priceline Group by 0.6% in the third quarter. Advantus Capital Management Inc now owns 5,038 shares of the business services provider’s stock worth $9,224,000 after purchasing an additional 29 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Priceline Group by 5.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 598 shares of the business services provider’s stock worth $1,039,000 after purchasing an additional 29 shares in the last quarter. Finally, Clear Perspective Advisors LLC grew its stake in Priceline Group by 3.9% in the fourth quarter. Clear Perspective Advisors LLC now owns 768 shares of the business services provider’s stock worth $1,335,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Shares of Priceline Group Inc (PCLN) opened at $1,885.00 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market capitalization of $91,930.58, a price-to-earnings ratio of 25.32, a PEG ratio of 1.40 and a beta of 1.38. Priceline Group Inc has a 52-week low of $1,612.41 and a 52-week high of $2,067.99.

PCLN has been the topic of several research analyst reports. Oppenheimer reissued a “buy” rating and issued a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Citigroup reissued a “buy” rating and issued a $2,050.00 price objective on shares of Priceline Group in a research note on Tuesday, November 7th. Stifel Nicolaus dropped their price objective on Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $2,000.00 price objective (down previously from $2,200.00) on shares of Priceline Group in a research note on Tuesday, November 7th. Finally, BidaskClub cut Priceline Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,025.31.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the completion of the sale, the director now 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 the SEC website. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total value of $227,655.78. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,796,925 in the last three months. 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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