Geneva Advisors LLC increased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 1.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,307 shares of the business services provider’s stock after buying an additional 59 shares during the period. Geneva Advisors LLC’s holdings in The Priceline Group were worth $9,927,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PCLN. Vanguard Group Inc. boosted its stake in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares in the last quarter. FMR LLC boosted its stake in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of The Priceline Group by 6.4% in the second quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock worth $1,613,834,000 after buying an additional 52,133 shares in the last quarter. Finally, Edgewood Management LLC boosted its stake in shares of The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares in the last quarter. Institutional investors own 94.52% of the company’s stock.

Shares of The Priceline Group Inc. (PCLN) opened at 1852.08 on Friday. The firm has a market capitalization of $90.86 billion, a price-to-earnings ratio of 39.34 and a beta of 1.42. The stock’s 50 day moving average price is $1,923.76 and its 200 day moving average price is $1,832.93. The Priceline Group Inc. has a 12-month low of $1,402.67 and a 12-month high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $13.93 earnings per share. Equities research analysts expect that The Priceline Group Inc. will post $74.77 earnings per share for the current year.

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PCLN has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Cowen and Company reiterated an “outperform” rating and set a $2,000.00 price objective on shares of The Priceline Group in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $2,300.00 price objective (up previously from $2,250.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Vetr upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price objective on the stock in a research note on Wednesday, May 17th. Finally, Benchmark Co. reiterated a “buy” rating and set a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a research note on Sunday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,924.32.

In other news, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now owns 6,044 shares of the company’s stock, valued at $10,963,816. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,867 shares of company stock valued at $5,380,180. 0.42% of the stock is owned by company insiders.

The Priceline Group Company 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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