Concourse Capital Management LLC raised its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,533 shares of the business services provider’s stock after purchasing an additional 55 shares during the period. The Priceline Group accounts for about 2.7% of Concourse Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Concourse Capital Management LLC’s holdings in The Priceline Group were worth $4,738,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Well Done LLC grew its holdings in The Priceline Group by 1.2% during the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 2 shares during the period. Pinnacle Associates Ltd. grew its holdings in The Priceline Group by 0.5% during the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after purchasing an additional 3 shares during the period. LS Investment Advisors LLC grew its holdings in The Priceline Group by 0.4% during the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 4 shares during the period. First National Bank of Hutchinson grew its holdings in The Priceline Group by 1.0% during the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 4 shares during the period. Finally, Hedeker Wealth LLC grew its holdings in The Priceline Group by 1.0% during the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock valued at $909,000 after purchasing an additional 5 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

PCLN has been the subject of several recent research reports. Cowen and Company reissued an “outperform” rating and set a $2,000.00 price target on shares of The Priceline Group in a report on Tuesday, May 23rd. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. BidaskClub raised The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research lowered The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley boosted their price target 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. One 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,924.32.

The Priceline Group Inc. (PCLN) opened at 1843.20 on Monday. The company has a market cap of $90.43 billion, a PE ratio of 39.15 and a beta of 1.47. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The company has a 50-day moving average price of $1,882.74 and a 200 day moving average price of $1,847.92.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $13.93 earnings per share. On average, equities research analysts forecast that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’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 value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares in the company, valued at approximately $600,288. The disclosure for this sale can be found here. In the last three months, insiders sold 2,745 shares of company stock worth $5,158,872. 0.42% of the stock is owned by corporate insiders.

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About The Priceline Group

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)

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