State of Wisconsin Investment Board increased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,133 shares of the business services provider’s stock after buying an additional 9,900 shares during the period. State of Wisconsin Investment Board owned about 0.12% of The Priceline Group worth $112,480,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Scott & Selber Inc. bought a new stake in shares of The Priceline Group during the first quarter worth approximately $1,899,000. Greystone Investment Management LLC raised its stake in shares of The Priceline Group by 1.3% in the first quarter. Greystone Investment Management LLC now owns 3,210 shares of the business services provider’s stock worth $5,714,000 after buying an additional 40 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in The Priceline Group by 28.8% in the first quarter. Sumitomo Life Insurance Co. now owns 2,478 shares of the business services provider’s stock valued at $4,411,000 after buying an additional 554 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in The Priceline Group by 51.8% in the first quarter. Dubuque Bank & Trust Co. now owns 85 shares of the business services provider’s stock valued at $151,000 after buying an additional 29 shares in the last quarter. Finally, Mycio Wealth Partners LLC acquired a new position in The Priceline Group during the first quarter valued at about $288,000. 95.22% of the stock is owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1793.48 on Friday. The company has a 50 day moving average price of $1,936.36 and a 200-day moving average price of $1,827.19. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99. The stock has a market cap of $87.99 billion, a P/E ratio of 38.09 and a beta of 1.42.

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 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 business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business earned $13.93 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that The Priceline Group Inc. will post $74.77 earnings per share for the current year.

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

In other news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now owns 346 shares in the company, valued at $642,753.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,367 shares of company stock worth $8,166,685. Company insiders own 0.42% of the company’s stock.

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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