Barings LLC maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,547 shares of the business services provider’s stock at the end of the second quarter. Barings LLC’s holdings in The Priceline Group were worth $2,754,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PCLN. Mackenzie Financial Corp acquired a new stake in shares of The Priceline Group in the 1st quarter valued at $34,546,000. Swiss National Bank boosted its holdings in shares of The Priceline Group by 2.7% in the 2nd quarter. Swiss National Bank now owns 179,652 shares of the business services provider’s stock valued at $336,043,000 after purchasing an additional 4,800 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of The Priceline Group by 4.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,647 shares of the business services provider’s stock valued at $3,081,000 after purchasing an additional 69 shares in the last quarter. Norinchukin Bank The boosted its holdings in shares of The Priceline Group by 4.0% in the 2nd quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock valued at $11,115,000 after purchasing an additional 228 shares in the last quarter. Finally, Covey Capital Advisors LLC acquired a new stake in shares of The Priceline Group in the 1st quarter valued at $3,515,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

A number of equities research analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $110.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,952.67.

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The Priceline Group Inc. (NASDAQ PCLN) traded up 0.24% on Friday, hitting $1914.17. The stock had a trading volume of 67,141 shares. The company has a market cap of $93.91 billion, a P/E ratio of 40.65 and a beta of 1.47. The stock’s 50-day moving average is $1,839.80 and its 200-day moving average is $1,858.33. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) 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 the consensus estimate of $2.99 billion. During the same period in the prior year, the firm earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% on a year-over-year basis. Analysts expect that The Priceline Group Inc. will post $74.71 earnings per share for the current year.

In related news, Director Jan L. Docter sold 2,500 shares of the 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 transaction, 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 is available through this link. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the completion of the transaction, the chief executive officer now directly owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,867 shares of company stock valued at $5,384,080. 0.24% of the stock is owned by insiders.

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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