Seven Bridges Advisors LLC lowered its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 24.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 487 shares of the company’s stock after selling 161 shares during the period. Seven Bridges Advisors LLC’s holdings in The Priceline Group were worth $608,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PCLN. Stifel Financial Corp increased its position in shares of The Priceline Group by 212.4% in the fourth quarter. Stifel Financial Corp now owns 50,751 shares of the company’s stock worth $9,981,000 after buying an additional 34,504 shares during the period. TNB Financial boosted its stake in shares of The Priceline Group by 35.8% in the first quarter. TNB Financial now owns 6,087 shares of the company’s stock worth $7,846,000 after buying an additional 1,605 shares in the last quarter. Capital City Trust Co. FL boosted its stake in shares of The Priceline Group by 23.7% in the first quarter. Capital City Trust Co. FL now owns 1,772 shares of the company’s stock worth $2,284,000 after buying an additional 339 shares in the last quarter. Professional Advisory Services Inc. boosted its stake in shares of The Priceline Group by 1.6% in the first quarter. Professional Advisory Services Inc. now owns 12,657 shares of the company’s stock worth $16,314,000 after buying an additional 201 shares in the last quarter. Finally, Davis R M Inc. boosted its stake in shares of The Priceline Group by 12.2% in the first quarter. Davis R M Inc. now owns 10,757 shares of the company’s stock worth $13,865,000 after buying an additional 1,168 shares in the last quarter. Institutional investors own 94.07% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.06% during trading on Tuesday, reaching $1449.00. 289,731 shares of the company’s stock traded hands. The company has a 50-day moving average price of $1,418.93 and a 200 day moving average price of $1,335.10. The firm has a market capitalization of $71.62 billion, a PE 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 Priceline Group (NASDAQ:PCLN) last released its earnings results on Thursday, August 4th. The company reported $13.93 earnings per share (EPS) for the quarter, topping the Zacks’ 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 earned $2.55 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned $12.45 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $68.78 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of The Priceline Group in a report on Saturday, June 4th. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,316.39 target price for the company in a report on Tuesday, May 31st. Morgan Stanley raised shares of The Priceline Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,330.00 to $1,525.00 in a report on Thursday, June 30th. Deutsche Bank AG reaffirmed a “hold” rating on shares of The Priceline Group in a report on Sunday, July 10th. Finally, Zacks Investment Research cut shares of The Priceline Group from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Five investment 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,529.50.

In other news, CEO Gillian Tans sold 130 shares of the company’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 completion of the sale, the chief executive officer now owns 5,788 shares of the company’s stock, valued at $8,288,300.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffery H. Boyd sold 3,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was 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 directly owns 94,488 shares of the company’s stock, valued at approximately $127,927,303.20. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

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.

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