Bristlecone Advisors LLC boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,251 shares of the business services provider’s stock after buying an additional 25 shares during the period. Bristlecone Advisors LLC’s holdings in The Priceline Group were worth $2,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Advisors LLC bought a new stake in shares of The Priceline Group during the first quarter worth $35,601,000. Bank of The West boosted its stake in shares of The Priceline Group by 18.6% in the first quarter. Bank of The West now owns 942 shares of the business services provider’s stock worth $1,677,000 after buying an additional 148 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of The Priceline Group by 3.3% in the first quarter. DnB Asset Management AS now owns 15,531 shares of the business services provider’s stock worth $27,645,000 after buying an additional 500 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in shares of The Priceline Group by 26.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 1,247 shares of the business services provider’s stock worth $2,220,000 after buying an additional 257 shares in the last quarter. Finally, Carderock Capital Management Inc. boosted its stake in shares of The Priceline Group by 163.3% in the first quarter. Carderock Capital Management Inc. now owns 1,659 shares of the business services provider’s stock worth $2,952,000 after buying an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1854.17 on Friday. The Priceline Group Inc. has a 1-year low of $1,392.44 and a 1-year high of $2,067.99. The company has a market capitalization of $90.96 billion, a price-to-earnings ratio of 39.38 and a beta of 1.42. The stock has a 50 day moving average price of $1,950.91 and a 200 day moving average price of $1,809.82.

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, beating analysts’ consensus estimates of $14.25 by $0.89. The business 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 firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm posted $13.93 earnings per share. Analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current year.

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A number of brokerages have weighed in on PCLN. Royal Bank Of Canada boosted their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday. Macquarie boosted their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday. Wells Fargo & Company reaffirmed a “hold” rating and issued a $1,850.00 price target on shares of The Priceline Group in a research report on Wednesday. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,909.30.

In related news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the transaction, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the completion of the transaction, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock worth $3,245,648 over the last three months. 0.42% of the stock is currently owned by 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.

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

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