Virginia Retirement Systems ET AL cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 68.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,700 shares of the business services provider’s stock after selling 12,200 shares during the period. Virginia Retirement Systems ET AL’s holdings in The Priceline Group were worth $10,662,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new position in shares of The Priceline Group during the second quarter worth approximately $105,000. Capital Advisors Ltd. LLC acquired a new position in shares of The Priceline Group during the second quarter worth approximately $112,000. Webster Bank N. A. boosted its position in shares of The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares during the last quarter. Assetmark Inc. boosted its position in shares of The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of The Priceline Group during the first quarter worth approximately $123,000. 94.52% of the stock is owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (PCLN) opened at 1852.08 on Friday. The Priceline Group Inc. has a 12-month low of $1,402.67 and a 12-month high of $2,067.99. The company has a market cap of $90.86 billion, a price-to-earnings ratio of 39.34 and a beta of 1.42. The stock has a 50 day moving average of $1,923.76 and a 200 day moving average of $1,832.93.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $13.93 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts forecast that The Priceline Group Inc. will post $74.77 earnings per share for the current year.

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A number of brokerages have commented on PCLN. UBS AG reissued a “buy” rating and issued a $2,100.00 price objective (up from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Royal Bank Of Canada lifted their price objective on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Macquarie lifted their price objective on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research note on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. reissued a “buy” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. 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 issued a strong buy rating to the company. The Priceline Group currently has a consensus rating of “Buy” and a consensus target price of $1,924.32.

In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now owns 6,044 shares of the company’s stock, valued at $10,963,816. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 2,867 shares of company stock valued at $5,380,180. 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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