The Priceline Group Inc. (NASDAQ:PCLN) is Dynamic Capital Management Ltd’s 5th Largest Position

Dynamic Capital Management Ltd increased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 187.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,159 shares of the business services provider’s stock after buying an additional 4,672 shares during the period. The Priceline Group accounts for approximately 2.1% of Dynamic Capital Management Ltd’s holdings, making the stock its 5th largest position. Dynamic Capital Management Ltd’s holdings in The Priceline Group were worth $12,743,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of The Priceline Group during the first quarter valued at $358,128,000. C WorldWide Group Holding A S bought a new stake in shares of The Priceline Group during the first quarter valued at $189,324,000. Vanguard Group Inc. raised 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 in the last quarter. Schroder Investment Management Group raised 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 in the last quarter. Finally, FMR LLC raised 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 in the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1992.10 on Thursday. The Priceline Group Inc. has a one year low of $1,305.09 and a one year high of $1,999.00. The stock’s 50 day moving average price is $1,884.35 and its 200 day moving average price is $1,757.94. The firm has a market cap of $97.90 billion, a price-to-earnings ratio of 44.97 and a beta of 1.41.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.83 by $1.05. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $10.54 earnings per share. On average, equities analysts anticipate that The Priceline Group Inc. will post $73.93 earnings per share for the current fiscal year.

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

In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 6,044 shares in the company, valued at $10,963,816. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the transaction, the director now owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,744 shares of company stock worth $3,245,648. 0.42% of the stock is owned by corporate insiders.

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.