Adage Capital Partners GP L.L.C. maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,100 shares of the company’s stock at the end of the second quarter. Adage Capital Partners GP L.L.C. owned approximately 0.15% of The Priceline Group worth $92,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCLN. BlueMountain Capital Management LLC increased its position in The Priceline Group by 65.3% in the first quarter. BlueMountain Capital Management LLC now owns 81 shares of the company’s stock valued at $104,000 after buying an additional 32 shares during the period. Global X Management Co. LLC increased its position in shares of The Priceline Group by 416.7% in the second quarter. Global X Management Co. LLC now owns 93 shares of the company’s stock worth $116,000 after buying an additional 75 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of The Priceline Group by 18.1% in the second quarter. Integrated Investment Consultants LLC now owns 98 shares of the company’s stock worth $122,000 after buying an additional 15 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of The Priceline Group by 24.3% in the second quarter. Quadrant Capital Group LLC now owns 128 shares of the company’s stock worth $151,000 after buying an additional 25 shares during the last quarter. Finally, Cupps Capital Management LLC acquired a new position in shares of The Priceline Group during the second quarter worth approximately $157,000. 94.10% of the stock is owned by institutional investors and hedge funds.

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

The Priceline Group Inc. (NASDAQ:PCLN) traded down 0.88% on Friday, reaching $1540.65. 643,516 shares of the company’s stock were exchanged. The company has a market capitalization of $76.02 billion, a P/E ratio of 39.33 and a beta of 1.69. The firm has a 50-day moving average price of $1,475.07 and a 200-day moving average price of $1,377.97. The Priceline Group Inc. has a 1-year low of $954.02 and a 1-year high of $1,600.93.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Monday, November 7th. The company reported $31.18 EPS for the quarter, beating the Zacks’ consensus estimate of $29.88 by $1.30. The Priceline Group had a net margin of 18.91% and a return on equity of 34.70%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $25.35 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities research analysts expect that The Priceline Group Inc. will post $68.12 earnings per share for the current year.

A number of research analysts recently commented on PCLN shares. Deutsche Bank AG increased their price target on shares of The Priceline Group from $1,330.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, August 5th. RBC Capital Markets reaffirmed a “buy” rating and issued a $1,600.00 price target on shares of The Priceline Group in a report on Monday, August 1st. Benchmark Co. increased their price target on shares of The Priceline Group from $1,440.00 to $1,600.00 and gave the company a “buy” rating in a report on Friday, August 5th. Jefferies Group reaffirmed a “buy” rating and issued a $1,660.00 price target on shares of The Priceline Group in a report on Monday, July 25th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $1,600.00 price target on shares of The Priceline Group in a report on Friday, August 5th. Six research analysts have rated the stock with a hold rating, twenty-three 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 a consensus price target of $1,622.45.

In related news, insider Glenn D. Fogel sold 1,000 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $1,497.95, for a total value of $1,497,950.00. Following the transaction, the insider now directly owns 24,991 shares of the company’s stock, valued at approximately $37,435,268.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffery H. Boyd sold 3,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $1,472.08, for a total transaction of $4,416,240.00. Following the completion of the transaction, the chief executive officer now directly owns 85,537 shares in the company, valued at $125,917,306.96. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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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