BARING ASSET MANAGEMENT Ltd decreased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,196 shares of the business services provider’s stock after selling 121 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in The Priceline Group were worth $2,236,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PCLN. Callahan Advisors LLC boosted its position in shares of The Priceline Group by 4.5% in the first quarter. Callahan Advisors LLC now owns 4,961 shares of the business services provider’s stock worth $8,830,000 after buying an additional 212 shares during the last quarter. BTC Capital Management Inc. boosted its position in shares of The Priceline Group by 23.6% in the first quarter. BTC Capital Management Inc. now owns 790 shares of the business services provider’s stock worth $1,408,000 after buying an additional 151 shares during the last quarter. Breton Hill Capital Ltd. boosted its position in shares of The Priceline Group by 170.6% in the first quarter. Breton Hill Capital Ltd. now owns 544 shares of the business services provider’s stock worth $968,000 after buying an additional 1,315 shares during the last quarter. Scott & Selber Inc. purchased a new position in shares of The Priceline Group during the first quarter worth approximately $1,899,000. Finally, Greystone Investment Management LLC boosted its position 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 during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1793.48 on Monday. The company has a market cap of $87.99 billion, a PE ratio of 38.09 and a beta of 1.42. The stock’s 50 day moving average is $1,936.36 and its 200-day moving average is $1,827.19. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $13.93 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts predict that The Priceline Group Inc. will post $74.77 EPS for the current fiscal year.

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A number of research analysts have recently commented on PCLN shares. Morgan Stanley increased their price target on The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Cowen and Company reiterated an “outperform” rating and issued a $2,000.00 price target on shares of The Priceline Group in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $2,300.00 price target (up from $2,250.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Vetr upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price target for the company in a research note on Wednesday, May 17th. Finally, J P Morgan Chase & Co increased their price target on The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a research note on Wednesday, May 10th. 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 stock. The stock has a consensus rating of “Buy” and an average target price of $1,924.32.

In related news, Director Jan L. Docter sold 2,500 shares of The Priceline Group 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 completion of the sale, the director now owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders have sold a total of 4,367 shares of company stock valued at $8,166,685 in the last quarter. 0.42% of the stock is currently owned by company 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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