The Manufacturers Life Insurance Company Has $133.11 Million Position in The Priceline Group Inc. (PCLN)

The Manufacturers Life Insurance Company boosted its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,160 shares of the business services provider’s stock after acquiring an additional 3,612 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.15% of The Priceline Group worth $133,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PCLN. Waldron LP lifted its holdings in The Priceline Group by 68.9% during the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after acquiring an additional 168 shares in the last quarter. HL Financial Services LLC lifted its holdings in The Priceline Group by 15.3% during the first quarter. HL Financial Services LLC now owns 444 shares of the business services provider’s stock worth $790,000 after acquiring an additional 59 shares in the last quarter. Mogy Joel R Investment Counsel Inc. lifted its holdings in The Priceline Group by 5.1% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 920 shares of the business services provider’s stock worth $1,638,000 after acquiring an additional 45 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in The Priceline Group by 40.0% during the first quarter. Schwartz Investment Counsel Inc. now owns 3,500 shares of the business services provider’s stock worth $6,230,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in The Priceline Group by 12.5% during the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after acquiring an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up 1.001% during trading on Monday, reaching $1937.205. The company’s stock had a trading volume of 98,295 shares. The firm has a market cap of $95.04 billion, a PE ratio of 41.144 and a beta of 1.47. The stock’s 50 day moving average price is $1,842.80 and its 200-day moving average price is $1,859.42. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business posted $13.93 EPS. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts predict that The Priceline Group Inc. will post $74.79 EPS for the current year.

In other news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,867 shares of company stock valued at $5,384,080. 0.24% of the stock is currently owned by company insiders.

Several research analysts have weighed in on PCLN shares. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. BidaskClub upgraded The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research lowered The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Morgan Stanley lifted their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $110.00 target price (down from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $1,952.67.

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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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