Perpetual Ltd purchased a new stake in The Priceline Group Inc. (NASDAQ:PCLN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,162 shares of the business services provider’s stock, valued at approximately $5,915,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Well Done LLC lifted its position in The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 2 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after acquiring an additional 3 shares during the last quarter. LS Investment Advisors LLC lifted its position in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 4 shares during the last quarter. First National Bank of Hutchinson lifted its position in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 4 shares during the last quarter. Finally, Hedeker Wealth LLC lifted its position in The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 5 shares during the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.

The Priceline Group Inc. (PCLN) traded down 0.19% during mid-day trading on Tuesday, hitting $1931.94. 118,727 shares of the stock traded hands. The stock has a 50 day moving average price of $1,860.53 and a 200 day moving average price of $1,866.56. The firm has a market cap of $94.78 billion, a PE ratio of 41.03 and a beta of 1.47. 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 announced its quarterly earnings data 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 company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.93 EPS. On average, analysts expect that The Priceline Group Inc. will post $74.79 earnings per share for the current fiscal year.

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In other news, Director Jan L. Docter sold 2,500 shares of The Priceline Group 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 value of $4,689,750.00. Following the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the completion of the transaction, the chief executive officer now directly owns 5,799 shares in the company, valued at approximately $10,904,323.62. The disclosure for this sale can be found here. Insiders sold a total of 2,745 shares of company stock worth $5,146,245 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Macquarie boosted their price target on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, UBS AG reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,961.00.

The Priceline Group 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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