Mitchell Capital Management Co. reduced its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,843 shares of the business services provider’s stock after selling 42 shares during the period. The Priceline Group accounts for approximately 2.7% of Mitchell Capital Management Co.’s holdings, making the stock its 12th largest position. Mitchell Capital Management Co.’s holdings in The Priceline Group were worth $7,189,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 valued at $5,704,234,000 after buying an additional 93,992 shares in the last quarter. FMR LLC boosted its stake in 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 valued at $3,275,411,000 after buying an additional 67,569 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in 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 valued at $523,000 after buying an additional 977,817 shares in the last quarter. Jennison Associates LLC boosted its stake in The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock valued at $1,442,238,000 after buying an additional 23,694 shares in the last quarter. Finally, Edgewood Management LLC boosted its stake in 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 valued at $1,011,714,000 after buying an additional 18,746 shares in the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1873.95 on Tuesday. The Priceline Group Inc. has a 52 week low of $1,392.44 and a 52 week high of $2,067.99. The company has a market capitalization of $91.93 billion, a price-to-earnings ratio of 39.80 and a beta of 1.42. The stock has a 50 day moving average of $1,950.90 and a 200-day moving average of $1,815.40.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $13.93 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $74.91 EPS for the current year.

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PCLN has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Cowen and Company reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of The Priceline Group in a research report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $2,300.00 target price (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price for the company in a research report 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 stock an “overweight” rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The Priceline Group has an average rating of “Buy” and a consensus target price of $1,915.13.

In other news, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now owns 5,922 shares in the company, valued at $11,544,761.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated 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 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 90 days, insiders have sold 4,244 shares of company stock worth $7,935,398. 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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