Henderson Group PLC raised its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 19.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,996 shares of the company’s stock after buying an additional 13,258 shares during the period. The Priceline Group accounts for 0.8% of Henderson Group PLC’s investment portfolio, making the stock its 18th largest position. Henderson Group PLC owned 0.16% of The Priceline Group worth $99,914,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hedeker Wealth LLC raised its position in The Priceline Group by 85.4% in the second quarter. Hedeker Wealth LLC now owns 927 shares of the company’s stock valued at $1,157,000 after buying an additional 427 shares during the period. Concert Wealth Management Inc. raised its position in The Priceline Group by 9.1% in the second quarter. Concert Wealth Management Inc. now owns 1,493 shares of the company’s stock valued at $1,837,000 after buying an additional 124 shares during the period. Parsec Financial Management Inc. raised its position in The Priceline Group by 2.7% in the second quarter. Parsec Financial Management Inc. now owns 4,387 shares of the company’s stock valued at $5,477,000 after buying an additional 115 shares during the period. Valiant Capital Management L.P. raised its position in The Priceline Group by 39.0% in the second quarter. Valiant Capital Management L.P. now owns 54,542 shares of the company’s stock valued at $68,091,000 after buying an additional 15,300 shares during the period. Finally, Quadrant Capital Group LLC raised its position in The Priceline Group by 24.3% in the second quarter. Quadrant Capital Group LLC now owns 128 shares of the company’s stock valued at $151,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.

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

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.13% during mid-day trading on Monday, reaching $1437.65. 263,753 shares of the company were exchanged. The firm has a market capitalization of $71.06 billion, a P/E ratio of 27.34 and a beta of 1.62. The stock has a 50-day moving average of $1,450.31 and a 200 day moving average of $1,353.88. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,501.79.

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

Several research firms have commented on PCLN. Royal Bank Of Canada increased their price objective on shares of The Priceline Group from $1,600.00 to $1,750.00 and gave the company an “outperform” rating in a research report on Friday, October 7th. RBC Capital Markets reiterated a “buy” rating and set a $1,750.00 price objective (up previously from $1,600.00) on shares of The Priceline Group in a research report on Friday, October 7th. Zacks Investment Research lowered shares of The Priceline Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Vetr lowered shares of The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,598.32 price objective for the company. in a research report on Thursday, September 29th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $1,560.00 target price (up previously from $1,453.49) on shares of The Priceline Group in a report on Thursday, September 29th. Six equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,538.19.

In other The Priceline Group news, CEO Gillian Tans sold 130 shares of the business’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 sale, the chief executive officer now directly owns 5,788 shares in the company, valued at $8,288,300.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $1,497.95, for a total transaction of $1,497,950.00. Following the sale, the insider now owns 24,991 shares in the company, valued at $37,435,268.45. 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

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