Seaward Management Limited Partnership reduced its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,173 shares of the company’s stock after selling 407 shares during the period. The Priceline Group accounts for about 1.8% of Seaward Management Limited Partnership’s portfolio, making the stock its 15th largest position. Seaward Management Limited Partnership’s holdings in The Priceline Group were worth $32,674,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PCLN. Capital Analysts LLC increased its stake in shares of The Priceline Group by 1.3% in the second quarter. Capital Analysts LLC now owns 318 shares of the company’s stock worth $397,000 after buying an additional 4 shares during the last quarter. Dynamic Advisors Solutions LLC increased its stake in The Priceline Group by 1.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 386 shares of the company’s stock worth $482,000 after buying an additional 4 shares during the last quarter. Trust Co. of Oklahoma increased its stake in The Priceline Group by 0.6% in the second quarter. Trust Co. of Oklahoma now owns 1,093 shares of the company’s stock worth $1,365,000 after buying an additional 7 shares during the last quarter. New Century Investment Management Inc. increased its stake in The Priceline Group by 1.8% in the first quarter. New Century Investment Management Inc. now owns 573 shares of the company’s stock worth $739,000 after buying an additional 10 shares during the last quarter. Finally, Capital One National Association increased its stake in The Priceline Group by 3.1% in the second quarter. Capital One National Association now owns 328 shares of the company’s stock worth $409,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 1.04% during trading on Wednesday, reaching $1464.00. 412,516 shares of the company’s stock were exchanged. The Priceline Group Inc. has a 52-week low of $954.02 and a 52-week high of $1,476.52. The firm has a market capitalization of $72.36 billion, a P/E ratio of 27.84 and a beta of 1.69. The company has a 50 day moving average of $1,422.32 and a 200 day moving average of $1,336.03.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $12.69 by $1.24. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.45 EPS. Equities analysts anticipate that The Priceline Group Inc. will post $68.78 earnings per share for the current fiscal year.

PCLN has been the subject of a number of research reports. Vetr upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating and set a $1,357.64 price target for the company in a research report on Tuesday, June 28th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $1,625.00 price target (up from $1,500.00) on shares of The Priceline Group in a research report on Monday, August 1st. Jefferies Group reiterated a “buy” rating and set a $1,660.00 price target on shares of The Priceline Group in a research report on Monday, July 25th. Barclays PLC upgraded shares of The Priceline Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,300.00 to $1,500.00 in a research report on Wednesday, June 22nd. They noted that the move was a valuation call. Finally, Evercore ISI initiated coverage on shares of The Priceline Group in a research report on Monday, July 25th. They set a “hold” rating and a $1,350.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Priceline Group presently has an average rating of “Buy” and an average price target of $1,529.50.

In other The Priceline Group news, CEO Gillian Tans sold 131 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $1,327.89, for a total value of $173,953.59. Following the transaction, the chief executive officer now owns 6,049 shares in the company, valued at approximately $8,032,406.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Glenn D. Fogel sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the completion of the transaction, the insider now owns 25,131 shares in the company, valued at approximately $36,056,702.25. The disclosure for this sale can be found here. 0.42% of the stock is currently 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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