The Priceline Group Inc. (PCLN) Shares Bought by Myriad Asset Management Ltd.

Myriad Asset Management Ltd. increased its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. Myriad Asset Management Ltd.’s holdings in The Priceline Group were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCLN. Trust Co. of Oklahoma raised its position in shares of The Priceline Group by 1.4% during the 2nd quarter. Trust Co. of Oklahoma now owns 1,050 shares of the business services provider’s stock worth $1,964,000 after purchasing an additional 15 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in The Priceline Group by 512.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 8,064 shares of the business services provider’s stock valued at $15,084,000 after acquiring an additional 6,748 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in The Priceline Group by 25.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 992 shares of the business services provider’s stock valued at $1,856,000 after acquiring an additional 204 shares during the last quarter. OLD National Bancorp IN acquired a new stake in The Priceline Group in the 2nd quarter valued at about $789,000. Finally, Beese Fulmer Investment Management Inc. raised its holdings in The Priceline Group by 27.2% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 1,586 shares of the business services provider’s stock valued at $2,967,000 after acquiring an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 94.68% of the company’s stock.

In other news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $250,561.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the completion of the sale, the chief executive officer now owns 5,677 shares in the company, valued at $10,479,571.69. The disclosure for this sale can be found here. Insiders sold a total of 1,567 shares of company stock valued at $2,790,353 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

A number of research firms have commented on PCLN. KeyCorp reiterated a “hold” rating on shares of The Priceline Group in a report on Thursday, November 16th. Credit Suisse Group reiterated an “outperform” rating and issued a $2,070.00 price objective (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Morgan Stanley reiterated an “overweight” rating and issued a $2,100.00 price objective (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, October 2nd. UBS reiterated an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Finally, Royal Bank Of Canada increased their price objective on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $2,011.16.

The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,719.04 on Thursday. 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 Priceline Group Inc. has a 1 year low of $1,459.49 and a 1 year high of $2,067.99. The company has a market cap of $84,121.60, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the company posted $29.69 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. equities research analysts forecast that The Priceline Group Inc. will post 74.42 earnings per share for the current fiscal year.

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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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