LSV Asset Management purchased a new position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 146 shares of the company’s stock, valued at approximately $182,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in The Priceline Group by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,298,207 shares of the company’s stock worth $1,673,337,000 after buying an additional 26,300 shares during the period. Jennison Associates LLC boosted its stake in The Priceline Group by 21.2% in the second quarter. Jennison Associates LLC now owns 858,165 shares of the company’s stock worth $1,071,342,000 after buying an additional 150,154 shares during the period. Dodge & Cox boosted its stake in The Priceline Group by 0.4% in the first quarter. Dodge & Cox now owns 678,743 shares of the company’s stock worth $874,873,000 after buying an additional 2,375 shares during the period. Geode Capital Management LLC boosted its stake in The Priceline Group by 5.2% in the first quarter. Geode Capital Management LLC now owns 439,299 shares of the company’s stock worth $565,187,000 after buying an additional 21,888 shares during the period. Finally, BlackRock Group LTD boosted its stake in The Priceline Group by 5.2% in the first quarter. BlackRock Group LTD now owns 399,818 shares of the company’s stock worth $515,350,000 after buying an additional 19,706 shares during the period. 94.07% of the stock is currently owned by institutional investors.

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.06% during mid-day trading on Tuesday, reaching $1449.00. 289,720 shares of the company’s stock traded hands. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 27.56 and a beta of 1.69. The Priceline Group Inc. has a one year low of $954.02 and a one year high of $1,476.52. The firm’s 50-day moving average price is $1,416.27 and its 200 day moving average price is $1,334.01.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $12.69 by $1.24. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the firm earned $12.45 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that The Priceline Group Inc. will post $68.78 EPS for the current year.

PCLN has been the topic of a number of research reports. Zacks Investment Research raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 price target on the stock in a report on Thursday, August 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Friday, August 5th. Evercore ISI raised shares of The Priceline Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $1,360.00 to $1,650.00 in a report on Thursday, August 18th. Vetr raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating and set a $1,357.64 target price on the stock in a report on Tuesday, June 28th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a report on Sunday, August 14th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Priceline Group presently has a consensus rating of “Buy” and an average price target of $1,529.50.

In other news, CEO Gillian Tans sold 130 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the sale, the chief executive officer now directly owns 5,788 shares in the company, valued at approximately $8,288,300.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery H. Boyd sold 3,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $1,353.90, for a total transaction of $4,061,700.00. Following the sale, the chief executive officer now owns 94,488 shares in the company, valued at $127,927,303.20. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

About The Priceline Group

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.

5 Day Chart for NASDAQ:PCLN

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