Level Four Advisory Services LLC Acquires 11 Shares of The Priceline Group Inc. (PCLN)

Level Four Advisory Services LLC raised its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 1.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,131 shares of the business services provider’s stock after buying an additional 11 shares during the period. Level Four Advisory Services LLC’s holdings in The Priceline Group were worth $2,002,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of The Priceline Group during the first quarter valued at about $358,128,000. C WorldWide Group Holding A S acquired a new stake in shares of The Priceline Group during the first quarter valued at about $189,324,000. Vanguard Group Inc. boosted its stake in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after buying an additional 93,992 shares during the period. Schroder Investment Management Group boosted its stake in shares of The Priceline Group by 689.5% in the first quarter. Schroder Investment Management Group now owns 85,556 shares of the business services provider’s stock valued at $153,077,000 after buying an additional 74,719 shares during the period. Finally, FMR LLC boosted its stake in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares during the period. 95.20% of the stock is currently owned by institutional investors.

The Priceline Group Inc. (PCLN) opened at 1999.22 on Friday. The firm has a 50-day moving average price of $1,887.84 and a 200 day moving average price of $1,759.68. The Priceline Group Inc. has a 52-week low of $1,305.09 and a 52-week high of $2,008.65. The firm has a market capitalization of $98.25 billion, a P/E ratio of 45.13 and a beta of 1.41.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $1.05. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $10.54 EPS. Analysts forecast that The Priceline Group Inc. will post $73.93 EPS for the current year.

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Several equities research analysts have issued reports on PCLN shares. Goldman Sachs Group, Inc. (The) lifted their target price on shares of The Priceline Group from $1,750.00 to $1,850.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $2,000.00 target price (up previously from $1,860.00) on shares of The Priceline Group in a research note on Thursday, April 13th. Macquarie set a $1,970.00 target price on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, April 18th. J P Morgan Chase & Co lifted their target price on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,850.00 target price on shares of The Priceline Group in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,944.62.

In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,744 shares of company stock worth $3,245,648. Company insiders own 0.42% of the company’s stock.

The 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 The Priceline Group (NASDAQ:PCLN)

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