Gabalex Capital Management LLC continued to hold its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the business services provider’s stock at the end of the second quarter. The Priceline Group makes up 4.2% of Gabalex Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Gabalex Capital Management LLC’s holdings in The Priceline Group were worth $13,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Well Done LLC raised its position in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after buying an additional 2 shares during the period. Wrapmanager Inc. raised its position in shares of The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock worth $477,000 after buying an additional 3 shares during the period. LS Investment Advisors LLC raised its position in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after buying an additional 4 shares during the period. First National Bank of Hutchinson raised its position in shares of The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after buying an additional 4 shares during the period. Finally, CAPROCK Group Inc. raised its position in shares of The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock worth $368,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 95.22% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1810.00 on Monday. The firm has a market cap of $88.80 billion, a P/E ratio of 38.44 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 company has a 50-day moving average of $1,946.27 and a 200 day moving average of $1,818.99.

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

COPYRIGHT VIOLATION WARNING: “Gabalex Capital Management LLC Holds Stake in The Priceline Group Inc. (PCLN)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/21/gabalex-capital-management-llc-holds-stake-in-the-priceline-group-inc-pcln.html.

A number of research analysts recently issued reports on the stock. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Vetr upgraded shares of The Priceline Group from a “sell” rating to a “hold” rating and set a $1,875.00 price target for the company in a report on Thursday, May 11th. Piper Jaffray Companies restated an “overweight” rating and set a $110.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,924.32.

In other news, CEO Gillian Tans sold 123 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total value of $231,286.74. Following the sale, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jan L. Docter sold 2,500 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,367 shares of company stock worth $8,166,685. Insiders own 0.42% of the company’s stock.

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.

Want to see what other hedge funds are holding PCLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Priceline Group Inc. (NASDAQ:PCLN).

Institutional Ownership by Quarter for The Priceline Group (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.