Highland Private Wealth Management purchased a new position in The Priceline Group Inc. (NASDAQ:PCLN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 116 shares of the business services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of The Priceline Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after buying an additional 79,784 shares during the last quarter. FMR LLC raised its holdings in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Capital World Investors raised its holdings in shares of The Priceline Group by 2.1% in the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after buying an additional 34,959 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of The Priceline Group by 7.1% in the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after buying an additional 108,187 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after buying an additional 977,817 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. Morgan Stanley reissued an “overweight” rating and set a $2,100.00 target price (up previously from $2,050.00) on shares of The Priceline Group in a report on Monday, October 2nd. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,952.67.

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The Priceline Group Inc. (NASDAQ PCLN) traded up 0.91% during trading on Monday, reaching $1935.50. 111,251 shares of the company were exchanged. The stock has a 50 day moving average price of $1,842.80 and a 200 day moving average price of $1,859.42. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The firm has a market capitalization of $94.95 billion, a PE ratio of 41.11 and a beta of 1.47.

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 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 company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the company earned $13.93 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts expect that The Priceline Group Inc. will post $74.79 EPS for the current fiscal year.

In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 123 shares of the firm’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 sale, the chief executive officer now directly owns 5,799 shares in the company, valued at $10,904,323.62. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock worth $5,384,080 over the last ninety days. 0.24% of the stock is owned by corporate 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.

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

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