Ropes Wealth Advisors LLC lowered its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 76.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 78 shares of the business services provider’s stock after selling 249 shares during the period. Ropes Wealth Advisors LLC’s holdings in The Priceline Group were worth $146,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in The Priceline Group during the 2nd quarter valued at $101,000. Shine Investment Advisory Services Inc. purchased a new stake in The Priceline Group during the 2nd quarter valued at $105,000. Capital Advisors Ltd. LLC purchased a new stake in The Priceline Group during the 2nd quarter valued at $112,000. Assetmark Inc. boosted its position in The Priceline Group by 12.5% during the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after buying an additional 7 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after buying an additional 16 shares during the period. 94.44% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Ropes Wealth Advisors LLC Sells 249 Shares of The Priceline Group Inc. (PCLN)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/26/ropes-wealth-advisors-llc-sells-249-shares-of-the-priceline-group-inc-pcln.html.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data 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 Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $13.93 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Several equities research analysts have weighed in on the stock. Macquarie increased their price target on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and set a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Royal Bank Of Canada increased their price target on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “hold” rating and set a $1,850.00 price target on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, Barclays PLC reissued an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,924.32.

In related news, Director Jan L. Docter sold 2,500 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the completion of the sale, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,867 shares of company stock valued at $5,384,080. 0.42% of the stock is owned by insiders.

The Priceline Group 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.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

Receive News & Stock Ratings for The Priceline Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Priceline Group Inc. and related stocks with our FREE daily email newsletter.