First Manhattan Co. continued to hold its stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95 shares of the business services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in The Priceline Group were worth $177,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PCLN. Harbour Capital Advisors LLC raised its stake in 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 period. Renaissance Technologies LLC acquired a new stake in The Priceline Group during the first quarter valued at about $358,128,000. C WorldWide Group Holding A S acquired a new stake in The Priceline Group during the first quarter valued at about $189,324,000. Vanguard Group Inc. raised its stake in 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 during the period. Finally, Schroder Investment Management Group raised its stake in The Priceline Group by 689.5% in the first quarter. Schroder Investment Management Group now owns 85,556 shares of the business services provider’s stock valued at $153,077,000 after buying an additional 74,719 shares during the period. 95.22% of the stock is currently owned by institutional investors.

Shares of The Priceline Group Inc. (PCLN) opened at 1855.72 on Thursday. The stock has a market cap of $91.04 billion, a PE ratio of 39.41 and a beta of 1.42. The Priceline Group Inc. has a 52 week low of $1,402.67 and a 52 week high of $2,067.99. The stock has a 50 day moving average of $1,950.39 and a 200-day moving average of $1,817.54.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping the consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.93 earnings per share. Equities research analysts predict that The Priceline Group Inc. will post $74.77 earnings per share for the current fiscal year.

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PCLN has been the topic of several research reports. BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) boosted their price target on shares of 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. J P Morgan Chase & Co boosted their price target on shares of The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Morgan Stanley boosted their price target on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG boosted their price target on shares of 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,924.32.

In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at $10,963,816. The disclosure for this sale can be found here. Insiders have sold 4,244 shares of company stock valued at $7,935,398 over the last ninety days. 0.42% of the stock is owned by insiders.

About The Priceline Group

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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