Today The The Priceline Group Inc. (PCLN) Stake Increased by Winslow Capital Management LLC

Today The The Priceline Group Inc. (PCLN) Stake Increased by Winslow Capital Management LLC

Winslow Capital Management LLC increased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 38.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,247 shares of the company’s stock after buying an additional 81,396 shares during the period. The Priceline Group makes up 1.8% of Winslow Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Winslow Capital Management LLC’s holdings in The Priceline Group were worth $428,566,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PCLN. Quadrant Capital Group LLC raised its position in shares of The Priceline Group by 0.8% in the third quarter. Quadrant Capital Group LLC now owns 129 shares of the company’s stock valued at $180,000 after buying an additional 1 shares during the last quarter. Bangor Savings Bank raised its position in shares of The Priceline Group by 0.3% in the second quarter. Bangor Savings Bank now owns 727 shares of the company’s stock valued at $908,000 after buying an additional 2 shares during the last quarter. Bath Savings Trust Co raised its position in shares of The Priceline Group by 3.0% in the third quarter. Bath Savings Trust Co now owns 173 shares of the company’s stock valued at $255,000 after buying an additional 5 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of The Priceline Group by 1.8% in the third quarter. 1st Global Advisors Inc. now owns 338 shares of the company’s stock valued at $497,000 after buying an additional 6 shares during the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of The Priceline Group by 0.7% in the second quarter. Cleararc Capital Inc. now owns 1,224 shares of the company’s stock valued at $1,528,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.7214% during midday trading on Wednesday, hitting $1574.6073. 71,041 shares of the stock were exchanged. The Priceline Group Inc. has a 52 week low of $954.02 and a 52 week high of $1,600.93. The stock has a market cap of $77.70 billion, a price-to-earnings ratio of 40.1932 and a beta of 1.65. The firm’s 50-day moving average is $1,517.35 and its 200 day moving average is $1,458.23.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Monday, November 7th. The company reported $31.18 earnings per share for the quarter, topping the consensus estimate of $29.88 by $1.30. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.61 billion. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The Priceline Group’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $25.35 earnings per share. Equities research analysts expect that The Priceline Group Inc. will post $64.65 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Cantor Fitzgerald restated a “buy” rating and set a $1,560.00 price target (up from $1,453.49) on shares of The Priceline Group in a research report on Thursday, September 29th. Vetr lowered The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,598.32 price target for the company. in a research report on Thursday, September 29th. Zacks Investment Research lowered The Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. RBC Capital Markets restated a “buy” rating and set a $1,750.00 price target (up from $1,600.00) on shares of The Priceline Group in a research report on Friday, October 7th. Finally, Royal Bank Of Canada raised their price target on The Priceline Group from $1,600.00 to $1,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 7th. Six investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,664.12.

In related news, CEO Gillian Tans sold 131 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $1,499.97, for a total transaction of $196,496.07. Following the sale, the chief executive officer now owns 5,526 shares in the company, valued at $8,288,834.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffery H. Boyd sold 3,000 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $1,472.08, for a total transaction of $4,416,240.00. Following the sale, the chief executive officer now owns 85,537 shares in the company, valued at approximately $125,917,306.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,392 shares of company stock worth $16,844,460. 0.42% of the stock is owned by company insiders.

The Priceline Group Company Profile

The Priceline Group Inc is a provider of travel and restaurant 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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