Stearns Financial Services Group reduced its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211 shares of the business services provider’s stock after selling 9 shares during the period. Stearns Financial Services Group’s holdings in The Priceline Group were worth $395,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boys Arnold & Co. Inc. raised its position in The Priceline Group by 22.0% in the first quarter. Boys Arnold & Co. Inc. now owns 272 shares of the business services provider’s stock worth $484,000 after buying an additional 49 shares in the last quarter. Columbus Circle Investors raised its position in The Priceline Group by 26.0% in the first quarter. Columbus Circle Investors now owns 60,654 shares of the business services provider’s stock worth $107,962,000 after buying an additional 12,501 shares in the last quarter. Huntington National Bank raised its position in The Priceline Group by 66.4% in the first quarter. Huntington National Bank now owns 10,015 shares of the business services provider’s stock worth $17,827,000 after buying an additional 3,997 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in The Priceline Group during the first quarter worth approximately $240,000. Finally, Retirement Systems of Alabama raised its position in The Priceline Group by 17.9% in the first quarter. Retirement Systems of Alabama now owns 42,067 shares of the business services provider’s stock worth $74,878,000 after buying an additional 6,379 shares in the last quarter. 95.22% of the stock is currently owned by institutional investors.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1801.54 on Tuesday. The Priceline Group Inc. has a 52 week low of $1,402.67 and a 52 week high of $2,067.99. The firm has a market cap of $88.38 billion, a P/E ratio of 38.26 and a beta of 1.42. The stock has a 50 day moving average of $1,944.29 and a 200 day moving average of $1,824.18.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% on a year-over-year basis. Analysts anticipate that The Priceline Group Inc. will post $74.77 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/22/the-priceline-group-inc-pcln-position-decreased-by-stearns-financial-services-group.html.

PCLN has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their price target on shares of The Priceline Group from $1,925.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $2,200.00 price target (up previously from $1,800.00) on shares of The Priceline Group in a research report on Wednesday, May 3rd. Deutsche Bank AG lifted 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. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $2,070.00 price target (up previously from $1,915.00) on shares of The Priceline Group in a research report on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) lifted 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and an average target price of $1,924.32.

In related news, CEO Gillian Tans sold 123 shares of the firm’s 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 transaction, the chief executive officer now owns 5,799 shares in the company, valued at $10,904,323.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the firm’s 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 completion of the transaction, the director now owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders sold 4,367 shares of company stock worth $8,166,685 in the last 90 days. 0.42% of the stock is owned by company 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.

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.