Hartford Investment Management Co. lowered its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,955 shares of the business services provider’s stock after selling 435 shares during the period. Hartford Investment Management Co.’s holdings in The Priceline Group were worth $20,492,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PCLN. Boston Advisors LLC raised its stake in shares of The Priceline Group by 3.2% in the second quarter. Boston Advisors LLC now owns 20,646 shares of the business services provider’s stock worth $38,619,000 after buying an additional 645 shares during the period. Acadian Asset Management LLC raised its stake in shares of The Priceline Group by 2,256.6% in the second quarter. Acadian Asset Management LLC now owns 13,621 shares of the business services provider’s stock worth $25,476,000 after buying an additional 13,043 shares during the period. Baskin Financial Services Inc. raised its stake in shares of The Priceline Group by 1.4% in the second quarter. Baskin Financial Services Inc. now owns 6,891 shares of the business services provider’s stock worth $12,890,000 after buying an additional 97 shares during the period. Appropriate Balance Financial Services Inc. raised its stake in shares of The Priceline Group by 3.8% in the second quarter. Appropriate Balance Financial Services Inc. now owns 581 shares of the business services provider’s stock worth $311,000 after buying an additional 21 shares during the period. Finally, Greenleaf Trust raised its stake in shares of The Priceline Group by 8.2% in the second quarter. Greenleaf Trust now owns 132 shares of the business services provider’s stock worth $247,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up 0.41% during trading on Friday, hitting $1857.13. The company had a trading volume of 396,085 shares. The stock has a market cap of $91.11 billion, a PE ratio of 39.44 and a beta of 1.42. The firm has a 50 day moving average of $1,951.16 and a 200 day moving average of $1,807.68. The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,067.99. The Priceline Group also saw some unusual options trading on Tuesday. Traders acquired 15,301 put options on the company. This is an increase of approximately 209% compared to the typical daily volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $13.93 EPS. On average, analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.

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Several brokerages have recently commented on PCLN. UBS AG reiterated a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a research report on Thursday. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a research report on Thursday. Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday. Jefferies Group LLC reiterated 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 report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a research report on Thursday. One equities research 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. The company 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 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 sale, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were 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 owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,744 shares of company stock valued at $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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