State of Alaska Department of Revenue lowered its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 55.6% during the second quarter, Holdings Channel reports. The fund owned 60 shares of the business services provider’s stock after selling 75 shares during the period. State of Alaska Department of Revenue’s holdings in The Priceline Group were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Fisher Asset Management LLC boosted its stake in shares of The Priceline Group by 54.0% in the second quarter. Fisher Asset Management LLC now owns 995 shares of the business services provider’s stock worth $1,861,000 after buying an additional 349 shares during the last quarter. Hollencrest Securities LLC boosted its stake in shares of The Priceline Group by 5.5% in the second quarter. Hollencrest Securities LLC now owns 267 shares of the business services provider’s stock worth $500,000 after buying an additional 14 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of The Priceline Group by 2.5% in the second quarter. Trust Co. of Vermont now owns 3,574 shares of the business services provider’s stock worth $6,685,000 after buying an additional 87 shares during the last quarter. Bank of The West boosted its stake in shares of The Priceline Group by 7.6% in the second quarter. Bank of The West now owns 1,014 shares of the business services provider’s stock worth $1,897,000 after buying an additional 72 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of The Priceline Group by 11.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 65,123 shares of the business services provider’s stock worth $121,816,000 after buying an additional 6,802 shares during the last quarter. 95.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up 0.25% during trading on Friday, hitting $1854.17. 620,703 shares of the company’s stock were exchanged. 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 Inc. has a one year low of $1,392.44 and a one year high of $2,067.99. The firm 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 also was the recipient of unusually large options trading activity on Wednesday. Investors acquired 17,507 call options on the stock. This is an increase of approximately 255% compared to the typical volume of 4,928 call options.

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, topping the consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company earned $13.93 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts expect that The Priceline Group Inc. will post $74.80 EPS for the current fiscal year.

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A number of brokerages have issued reports on PCLN. UBS AG reissued a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of The Priceline Group in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $2,300.00 price target (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday. 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 issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,909.30.

In other news, CEO Gillian Tans sold 122 shares of the company’s 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 value of $221,308.00. Following the completion of the sale, the chief executive officer now owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,786,505.00. Following the completion of the sale, the director now directly owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders sold a total of 1,744 shares of company stock valued at $3,245,648 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.

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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