The Priceline Group Inc. (PCLN) is RiverPark Advisors LLC’s 4th Largest Position

RiverPark Advisors LLC lowered its position in The Priceline Group Inc. (NASDAQ:PCLN) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,214 shares of the business services provider’s stock after selling 4,274 shares during the period. The Priceline Group accounts for about 5.4% of RiverPark Advisors LLC’s investment portfolio, making the stock its 4th largest holding. RiverPark Advisors LLC’s holdings in The Priceline Group were worth $40,669,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. raised its position in shares of The Priceline Group by 0.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after acquiring an additional 3 shares in the last quarter. First National Bank of Hutchinson grew its stake in shares of The Priceline Group by 1.0% in the 2nd quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after buying an additional 4 shares during the last quarter. Winfield Associates Inc. grew its stake in shares of The Priceline Group by 0.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,340 shares of the business services provider’s stock worth $2,507,000 after buying an additional 5 shares during the last quarter. New Amsterdam Partners LLC NY grew its stake in shares of The Priceline Group by 1.5% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 337 shares of the business services provider’s stock worth $630,000 after buying an additional 5 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of The Priceline Group by 0.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 600 shares of the business services provider’s stock worth $1,122,000 after buying an additional 5 shares during the last quarter. 94.68% of the stock is owned by hedge funds and other institutional investors.

In related 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 transaction, the director now directly owns 142 shares of the company’s stock, valued at approximately $250,561.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,715.78, for a total value of $211,040.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,567 shares of company stock worth $2,790,353. 0.24% of the stock is owned by insiders.

Several research firms recently weighed in on PCLN. Royal Bank Of Canada upped their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. UBS restated a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. Macquarie upped their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research note on Wednesday, August 9th. Raymond James Financial restated a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Barclays restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $2,011.16.

The Priceline Group Inc. (NASDAQ:PCLN) opened at $1,719.04 on Thursday. The Priceline Group Inc. has a twelve month low of $1,459.49 and a twelve month high of $2,067.99. The company has a market capitalization of $84,121.60, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.37 and a beta of 1.40. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68.

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

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About The Priceline Group

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.

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

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