Harvest Fund Management Co. Ltd acquired a new stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 54 shares of the business services provider’s stock, valued at approximately $101,000.

Other hedge funds have also modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of The Priceline Group during the 2nd quarter valued at $105,000. Assetmark Inc. grew its position in shares of The Priceline Group by 12.5% during the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 7 shares during the period. Capital Advisors Ltd. LLC bought a new stake in shares of The Priceline Group during the 2nd quarter valued at $112,000. Proficio Capital Partners LLC grew its position in shares of The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 16 shares during the period. Finally, TCI Wealth Advisors Inc. grew its position in shares of The Priceline Group by 8.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 6 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

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PCLN has been the subject of a number of recent research reports. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. SunTrust Banks, Inc. initiated coverage on shares of The Priceline Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $2,200.00 price objective for the company. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of The Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Priceline Group has a consensus rating of “Buy” and an average price target of $1,924.32.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.11% during mid-day trading on Tuesday, hitting $1852.08. 29,467 shares of the stock traded hands. 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 $90.86 billion, a P/E ratio of 39.34 and a beta of 1.47. The firm has a 50 day moving average of $1,877.89 and a 200 day moving average of $1,850.52.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping analysts’ consensus estimates of $14.25 by $0.89. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $13.93 earnings per share. Equities analysts anticipate that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

In related news, Director Jan L. Docter sold 2,500 shares of the business’s 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 transaction, the director now directly owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 123 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 5,799 shares in the company, valued at $10,904,323.62. The disclosure for this sale can be found here. Insiders have sold 2,745 shares of company stock worth $5,158,872 over the last 90 days. 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 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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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