Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 111.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,189 shares of the business services provider’s stock after buying an additional 626 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in The Priceline Group were worth $2,224,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group during the second quarter worth approximately $105,000. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group during the second quarter worth approximately $112,000. Webster Bank N. A. increased its stake in 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 period. Assetmark Inc. increased its stake in 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 period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in The Priceline Group during the first quarter worth approximately $123,000. 94.52% of the stock is owned by hedge funds and other institutional investors.

The Priceline Group Inc. (NASDAQ PCLN) opened at 1850.82 on Friday. The stock has a market capitalization of $90.80 billion, a P/E ratio of 39.31 and a beta of 1.48. The company’s 50-day moving average is $1,921.27 and its 200-day moving average is $1,834.39. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99.

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

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PCLN has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of 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. Cowen and Company restated an “outperform” rating and set a $2,000.00 price target on shares of The Priceline Group in a research report on Tuesday, May 23rd. Jefferies Group LLC restated a “buy” rating and set a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Vetr upgraded shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price target on the stock in a research report on Wednesday, May 17th. Finally, Benchmark Co. restated a “buy” rating and set a $2,050.00 price target (up from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. One investment 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. The stock currently has an average rating of “Buy” and an average price target of $1,924.32.

In other The Priceline Group news, 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 sale, the director now directly owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 6,044 shares in the company, valued at $10,963,816. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock worth $5,380,180 over the last 90 days. 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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