Shelton Capital Management bought a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 4,737 shares of the business services provider’s stock, valued at approximately $8,861,000. The Priceline Group accounts for 0.6% of Shelton Capital Management’s holdings, making the stock its 29th biggest position.

Several other large investors also recently made changes to their positions in PCLN. Well Done LLC boosted its holdings in The Priceline Group by 1.2% in the 2nd quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after acquiring an additional 2 shares during the period. Pinnacle Associates Ltd. grew 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 in the last quarter. LS Investment Advisors LLC grew 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 in the last quarter. First National Bank of Hutchinson grew 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 in the last quarter. Finally, Hedeker Wealth LLC grew 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 in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

In related news, Director Jan L. Docter sold 2,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the sale, the director now owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The disclosure for this sale can be found here. Insiders sold a total of 2,867 shares of company stock worth $5,384,080 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

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Several brokerages have recently weighed in on PCLN. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $2,075.00 price target (up from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “hold” rating and set a $1,850.00 price target on shares of The Priceline Group in a research note on Wednesday, August 9th. Macquarie lifted their price target on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $2,070.00 price objective (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,942.71.

The Priceline Group Inc. (NASDAQ PCLN) traded up 1.252% during mid-day trading on Wednesday, hitting $1891.035. 116,990 shares of the company were exchanged. The Priceline Group Inc. has a 12-month low of $1,422.19 and a 12-month high of $2,067.99. The company has a market cap of $92.77 billion, a price-to-earnings ratio of 40.163 and a beta of 1.47. The stock’s 50 day moving average is $1,837.47 and its 200-day moving average is $1,857.74.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $13.93 earnings per share. Equities research analysts predict that The Priceline Group Inc. will post $74.71 EPS for the current year.

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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