MAI Capital Management raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,643 shares of the business services provider’s stock after buying an additional 101 shares during the period. MAI Capital Management’s holdings in The Priceline Group were worth $6,814,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in The Priceline Group during the first quarter worth approximately $240,000. Waldron LP increased its stake in The Priceline Group by 68.9% in the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after buying an additional 168 shares during the last quarter. First Manhattan Co. increased its stake in The Priceline Group by 5.3% in the first quarter. First Manhattan Co. now owns 100 shares of the business services provider’s stock worth $147,000 after buying an additional 5 shares during the last quarter. First Quadrant L P CA increased its stake in The Priceline Group by 31.5% in the first quarter. First Quadrant L P CA now owns 263 shares of the business services provider’s stock worth $468,000 after buying an additional 63 shares during the last quarter. Finally, Callahan Advisors LLC increased its stake in The Priceline Group by 4.5% in the first quarter. Callahan Advisors LLC now owns 4,961 shares of the business services provider’s stock worth $8,830,000 after buying an additional 212 shares during the last quarter. 94.52% of the stock is currently owned by institutional investors.

The Priceline Group Inc. (NASDAQ PCLN) opened at 1852.08 on Friday. The firm has a market capitalization of $90.86 billion, a PE ratio of 39.34 and a beta of 1.42. The stock’s 50 day moving average price is $1,923.76 and its 200 day moving average price is $1,832.93. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $13.93 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts predict that The Priceline Group Inc. will post $74.77 EPS for the current fiscal year.

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PCLN has been the subject of a number of recent research reports. BidaskClub upgraded 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 target price on The Priceline Group from $1,750.00 to $1,850.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. J P Morgan Chase & Co boosted their target price on The Priceline Group from $1,940.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Morgan Stanley boosted their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG boosted their target price on The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The Priceline Group has an average rating of “Buy” and an average price target of $1,924.32.

In related news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the sale, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,867 shares of company stock valued at $5,380,180. Corporate 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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