Montag & Caldwell LLC lowered its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,388 shares of the company’s stock after selling 4,189 shares during the period. The Priceline Group accounts for 2.0% of Montag & Caldwell LLC’s holdings, making the stock its 26th largest position. Montag & Caldwell LLC owned approximately 0.16% of The Priceline Group worth $96,612,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PCLN. Capital Analysts LLC boosted its stake in The Priceline Group by 1.3% in the second quarter. Capital Analysts LLC now owns 318 shares of the company’s stock valued at $397,000 after buying an additional 4 shares during the period. Dynamic Advisors Solutions LLC boosted its position in shares of The Priceline Group by 1.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 386 shares of the company’s stock worth $482,000 after buying an additional 4 shares during the last quarter. Trust Co. of Oklahoma boosted its position in shares of The Priceline Group by 0.6% in the second quarter. Trust Co. of Oklahoma now owns 1,093 shares of the company’s stock worth $1,365,000 after buying an additional 7 shares during the last quarter. Capital One National Association boosted its position in shares of The Priceline Group by 3.1% in the second quarter. Capital One National Association now owns 328 shares of the company’s stock worth $409,000 after buying an additional 10 shares during the last quarter. Finally, Dock Street Asset Management Inc. boosted its position in shares of The Priceline Group by 0.5% in the second quarter. Dock Street Asset Management Inc. now owns 2,619 shares of the company’s stock worth $3,270,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.24% during mid-day trading on Tuesday, reaching $1490.30. 295,596 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $1,437.57 and its 200-day moving average price is $1,344.77. The Priceline Group Inc. has a one year low of $954.02 and a one year high of $1,498.83. The company has a market capitalization of $73.66 billion, a PE ratio of 28.35 and a beta of 1.62.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Thursday, August 4th. The company reported $13.93 EPS for the quarter, beating analysts’ consensus estimates of $12.69 by $1.24. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.58 billion. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $12.45 EPS. On average, equities analysts expect that The Priceline Group Inc. will post $68.57 earnings per share for the current year.

A number of equities analysts recently commented on PCLN shares. Cantor Fitzgerald reiterated a “buy” rating on shares of The Priceline Group in a research report on Sunday, August 28th. Vetr cut shares of The Priceline Group from a “hold” rating to a “sell” rating and set a $1,316.39 target price on the stock. in a research report on Tuesday, June 7th. Jefferies Group reiterated a “buy” rating and issued a $1,660.00 target price on shares of The Priceline Group in a research report on Monday, July 25th. Deutsche Bank AG lifted their target price on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,575.00 target price on the stock in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $1,525.14.

In other The Priceline Group news, insider Glenn D. Fogel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the transaction, the insider now owns 25,131 shares of the company’s stock, valued at approximately $36,056,702.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gillian Tans sold 130 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the transaction, the chief executive officer now directly owns 5,788 shares in the company, valued at approximately $8,288,300.24. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant 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.

5 Day Chart for NASDAQ:PCLN

Receive News & Stock Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related stocks with our FREE daily email newsletter.