First National Trust Co. increased its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 27.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564 shares of the business services provider’s stock after buying an additional 120 shares during the period. First National Trust Co.’s holdings in The Priceline Group were worth $1,054,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 increased its position in shares of 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 during the last quarter. Harbour Capital Advisors LLC increased its position in shares of 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 during the last quarter. Jennison Associates LLC increased its position in shares of The Priceline Group by 6.4% in the second quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock valued at $1,613,834,000 after buying an additional 52,133 shares during the last quarter. Finally, Edgewood Management LLC increased its position in shares of 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 during the last quarter. 94.52% of the stock is currently owned by institutional investors and hedge funds.

The Priceline Group Inc. (NASDAQ PCLN) opened at 1852.08 on Friday. The Priceline Group Inc. has a 1-year low of $1,402.67 and a 1-year high of $2,067.99. The firm has a market capitalization of $90.86 billion, a PE ratio of 39.34 and a beta of 1.42. The firm has a 50-day moving average price of $1,923.76 and a 200-day moving average price of $1,832.93.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $13.93 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts expect that The Priceline Group Inc. will post $74.77 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on PCLN shares. Benchmark Co. reiterated a “buy” rating and issued a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. Deutsche Bank AG lifted their price objective on The Priceline Group from $1,725.00 to $2,000.00 and gave the company a “hold” rating in a research report on Monday, May 8th. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $2,070.00 price objective (up previously from $1,915.00) on shares of The Priceline Group in a research report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) lifted their price objective on The Priceline Group from $1,750.00 to $1,850.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The Priceline Group has an average rating of “Buy” and an average target price of $1,924.32.

In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The stock was 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 approximately $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 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,867 shares of company stock valued at $5,380,180. 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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