National Pension Service increased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,642 shares of the business services provider’s stock after buying an additional 3,603 shares during the period. National Pension Service owned about 0.08% of The Priceline Group worth $74,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PCLN. Hartford Financial Management Inc. bought a new position in shares of The Priceline Group during the first quarter worth $106,000. Webster Bank N. A. increased its position in shares of The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. increased its position in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of The Priceline Group during the first quarter worth $123,000. Finally, Proficio Capital Partners LLC increased its position in shares of The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after buying an additional 16 shares in the last quarter. 95.01% of the stock is owned by institutional investors.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.09% on Tuesday, reaching $2044.50. 140,844 shares of the company’s stock were exchanged. The Priceline Group Inc. has a 52-week low of $1,336.03 and a 52-week high of $2,060.00. The stock has a market cap of $100.47 billion, a P/E ratio of 46.16 and a beta of 1.42. The company’s 50 day moving average price is $1,920.50 and its 200-day moving average price is $1,790.59.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 EPS for the quarter, topping the consensus estimate of $8.83 by $1.05. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm posted $10.54 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts forecast that The Priceline Group Inc. will post $74.20 EPS for the current fiscal year.

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A number of equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. MKM Partners reaffirmed a “buy” rating and issued a $2,050.00 target price (up from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. Credit Suisse Group boosted their target price on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG boosted their target price on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Finally, UBS AG reaffirmed a “buy” rating and issued a $2,100.00 target price (up from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and a consensus target price of $1,899.45.

In other news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. In the last three months, insiders sold 1,744 shares of company stock valued at $3,245,648. 0.42% of the stock is currently owned by insiders.

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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