Public Employees Retirement Association of Colorado decreased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 63,939 shares of the business services provider’s stock after selling 85 shares during the period. The Priceline Group accounts for approximately 0.9% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 22nd largest position. Public Employees Retirement Association of Colorado’s holdings in The Priceline Group were worth $119,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Hartford Financial Management Inc. bought a new position in shares of The Priceline Group during the first quarter worth $106,000. Webster Bank N. A. raised 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. raised 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 bought a new position in shares of The Priceline Group during the first quarter worth $123,000. Finally, Proficio Capital Partners LLC raised 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. Hedge funds and other institutional investors own 95.01% of the company’s stock.

The Priceline Group Inc. (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 50-day moving average of $1,950.91 and a 200 day moving average of $1,809.82. The stock has a market cap of $90.96 billion, a P/E ratio of 39.38 and a beta of 1.42.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $13.93 earnings per share. Analysts predict that The Priceline Group Inc. will post $74.80 EPS for the current year.

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A number of equities analysts recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and set a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research report on Wednesday. Needham & Company LLC restated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. MKM Partners restated a “buy” rating and set a $2,050.00 target price (up previously from $2,030.00) on shares of The Priceline Group in a research report on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a research report on Thursday. Finally, Deutsche Bank AG upped their target price on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $1,909.30.

In related news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of 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 1,744 shares of company stock valued at $3,245,648 over the last ninety days. 0.42% of the stock is currently owned by corporate 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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