Gamco Investors INC. ET AL cut its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384 shares of the business services provider’s stock after selling 1 shares during the period. Gamco Investors INC. ET AL’s holdings in The Priceline Group were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCLN. Vanguard Group Inc. raised its position 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 worth $5,704,234,000 after buying an additional 93,992 shares during the last quarter. FMR LLC raised its position in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Harbour Capital Advisors LLC raised its position 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 worth $523,000 after buying an additional 977,817 shares during the last quarter. Jennison Associates LLC raised its position in The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Finally, Edgewood Management LLC raised its position in The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares during the last quarter. 94.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1807.06 on Wednesday. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99. The stock has a market capitalization of $88.65 billion, a P/E ratio of 38.38 and a beta of 1.42. The stock has a 50 day moving average price of $1,936.36 and a 200 day moving average price of $1,827.19.

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

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PCLN has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Cowen and Company reissued an “outperform” rating and issued a $2,000.00 target price on shares of The Priceline Group in a report on Tuesday, May 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $2,300.00 target price (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. Vetr raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price on the stock in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co boosted their target price on The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. One 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,924.32.

In related news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s 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 completion of 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. Over the last ninety days, insiders sold 2,867 shares of company stock valued at $5,380,180. Company insiders own 0.42% of the company’s stock.

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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