OLD National Bancorp IN purchased a new position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 422 shares of the business services provider’s stock, valued at approximately $789,000.

Other institutional investors also recently bought and sold shares of the company. Hartford Financial Management Inc. bought a new position in The Priceline Group during the first quarter worth $106,000. Webster Bank N. A. increased its position in shares of The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. increased its position in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of The Priceline Group during the first quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC increased its position in shares of The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after buying an additional 16 shares in the last quarter. 95.01% of the stock is currently owned by institutional investors.

The Priceline Group Inc. (NASDAQ PCLN) traded down 1.89% during mid-day trading on Thursday, hitting $1870.72. 386,046 shares of the company’s stock were exchanged. The stock has a market capitalization of $91.77 billion, a P/E ratio of 39.73 and a beta of 1.42. The firm has a 50 day moving average of $1,951.68 and a 200 day moving average of $1,807.38. The Priceline Group Inc. has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The Priceline Group also was the target of unusually large options trading activity on Tuesday. Stock investors purchased 15,301 put options on the stock. This represents an increase of approximately 209% compared to the typical daily volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results 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 business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 34.28%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.93 EPS. Equities analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.

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PCLN has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Cowen and Company reissued an “outperform” rating and issued a $2,000.00 target price on shares of The Priceline Group in a research note on Tuesday, May 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $2,300.00 target price (up previously from $2,250.00) on shares of The Priceline Group in a research note on Thursday. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price on the stock in a research note on Wednesday, May 17th. Finally, J P Morgan Chase & Co raised their target price on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,909.30.

In related news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 6,044 shares in the company, valued at approximately $10,963,816. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,744 shares of company stock worth $3,245,648. 0.42% of the stock is owned by corporate 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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